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Search results for Changxin Memory Technologies

AI & Enterprise

DeepSeek secures first external funding, clarifies role split with High-Flyer

DeepSeek is seeking external investment for the first time this year as the division of roles with its founder’s quant hedge fund, High-Flyer, becomes clearer. CNBC reported that High-Flyer-affiliated funds secured pre-IPO allocations in Chinese semiconductor and robotics firms, while DeepSeek moved to raise separate financing to meet expanding funding and computing needs. Analysts cited limits to relying solely on High-Flyer as DeepSeek grows.

AI & Enterprise

DeepSeek nears fundraising at 500 billion yuan valuation, prepares for 2027 IPO

Chinese artificial intelligence startup DeepSeek is in the final stage of raising new funding based on a valuation of about 500 billion yuan. The company is seeking around 50 billion yuan, with the round expected to close by late August, the South China Morning Post reported. The fundraising aligns with listing preparations, with sources saying it may file by year-end and target a 2027 debut. DeepSeek has raised API prices amid intensifying competition.

Industry

CXMT, YMTC supply push may reshape DRAM and NAND market

China\'s ChangXin Memory Technologies (CXMT) and Yangtze Memory Technologies (YMTC) are expanding production capacity using funds raised through initial public offerings, a move expected to affect the commodity memory market led by Samsung Electronics and SK Hynix. Industry estimates show CXMT and YMTC capacity rising sharply through 2028, with CXMT posting strong revenue and profit. Analysts expect further share gains, while Korean makers respond with process transitions.