Samsung units back South Korea's DeepX with $11M for AI chips
What's the deal? Two SamsungDealroom has a profile for this one. Try Dealroom → units are investing US$12.3M in DeepX, a South Korean startup that designs AI semiconductors. Samsung SecuritiesDealroom has a profile for this one. Try Dealroom → and SVIC 33, a partnership managed by Samsung Venture Investment, will take part in a third-party allotment paid-in capital increase.
The breakdown: Samsung Securities will acquire 21,607 new shares for about US$6.29M, while SVIC 33 takes 20,743 shares for about US$6.04M. In total, DeepX will issue 42,350 registered common shares, with the payment date set for October 22.
What does DeepX do? It is a fabless chip designer — meaning it develops semiconductors but does not manufacture them. Its Neural Processing Unit (NPU) is built for AI inference, targeting the on-device AI and edge AI markets with low-power, high-efficiency chips.
Why now? The raise is the third allotment within DeepX's fourth funding round. The company's board resolved on the deal on October 7, delegating the detailed terms and contract execution to chief executive Kim Nok-won.
One caveat: The specific limited partners behind the SVIC 33 partnership have not been confirmed. Samsung Venture Investment is Samsung GroupDealroom has a profile for this one. Try Dealroom →'s venture arm, backing startups across semiconductors and AI.
The signal: By volume, this round sits in the smaller tier for the sector — but the backers matter more than the size. Samsung's involvement signals strategic interest in homegrown AI chips as demand grows for efficient inference hardware at the edge.
Read more: biz.chosun.com
Image credit: DEEPX
