Reuters, citing the Financial Times, reported on May 6 that China’s state-backed semiconductor investment fund is in talks to lead DeepSeek’s first fundraising at a valuation near $45 billion.
China’s state-backed semiconductor investment fund is reportedly in discussions to lead the first external funding round for DeepSeek at a valuation close to $45 billion, according to a May 6 Reuters report that cited the Financial Times. The report points to potential state-backed support for an artificial intelligence company in China’s technology sector. A funding round led by a government-backed semiconductor investor would indicate strategic interest in AI infrastructure and advanced computing, though the report did not provide further financial terms or a timeline beyond the talks.