DeepSeek nears 45 billion valuation as Chinas big fund backs its first fundraising deal

Published on 6 May 2026

A state semiconductor fund may lead DeepSeek’s next round

DeepSeek is reportedly nearing a roughly $45 billion valuation as China Integrated Circuit Industry Investment Fund, a major state-backed semiconductor investor, discusses leading financing for the AI lab’s first fundraising. The talks, reported by the FT, could make the new round one of the biggest signals yet of how aggressively China is backing frontier AI with industrial policy muscle.

China Integrated Circuit Industry Investment Fund is in talks to lead DeepSeek financing
DeepSeek’s first fundraising could value the lab around 45 billion
The move highlights tighter links between state investment vehicles and frontier AI
FT reports the valuation target tied to the fundraising talks

#deepseek #ai startups #fundraising #china #valuation

Read the full story at The Economic Times

This summarization was done by Beige for a story published on The Economic Times

DeepSeek nears 45 billion valuation as Chinas big fund backs its first fundraising deal

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