DeepSeek's new funding round adds SMIC's investment arm and a GigaDevice-linked chip fund
teortaxesTex · x · 2026-10-23
Two notable new names appear in DeepSeek's latest funding round: SMIC's investment arm, and a chip fund co-founded by GigaDevice whose founder chairs CXMT, China's largest DRAM maker. SMIC fabricates Huawei's Ascend chips. A funding-record screenshot shows a RMB 100B equity round dated 2026-10-13 (investors including Shixi Capital, SMIC Jujuanyuan, CPE, Legend Capital, Geely Capital, Tencent, CATL, IDG, Monolith, Shixiang Tech), following a RMB 51B round in June 2026. The takeaway: any faster path to more compute for DeepSeek runs through these two investors.
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