AI Chip Firm DeepX Hires Morgan Stanley for Funding Before IPO
DeepX, a South Korean AI chip designer, has hired investment bank Morgan Stanley to help with fundraising efforts before its planned initial public offering (IPO) in 2027. The company is seeking additional funding to support its ongoing research and development in the field of artificial intelligence and semiconductor technology. DeepX's AI chips are designed to power a wide range of applications, including autonomous vehicles, smart homes, and industrial automation. The decision to hire Morgan Stanley indicates that the company is taking steps to prepare for its public market debut, which is expected to take place in the next few years. The fundraising round and eventual IPO will allow DeepX to expand its operations, strengthen its market position, and continue its innovation in the rapidly evolving AI chip industry.
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