FT: China State-Backed Fund Seeks DeepSeek Investment at $45 Billion Valuation

JOON HYOUNG LEE

Summary

The Financial Times reported that China's state-backed China Integrated Circuit Industry Investment Fund is seeking to invest in artificial intelligence startup DeepSeek.
The fund has valued DeepSeek at about $45 billion in the proposed investment.
The specific investment amount and the companies joining the funding round have not yet been finalized.

Forecast Trend Report by Period

A Chinese state-backed investment fund is seeking to invest in domestic artificial intelligence startup DeepSeek at a valuation of $45 billion, the Financial Times reported.

The newspaper reported on May 6 that the China Integrated Circuit Industry Investment Fund is pursuing an investment in DeepSeek. The fund has valued the company at about $45 billion. The size of the investment and the companies participating in the funding round have not been finalized.

The China Integrated Circuit Industry Investment Fund, known as the "Big Fund," is one of China's main semiconductor investment vehicles. Bloomberg has described it as an investor in some of China's largest chip companies, including SMIC.