American AI giant Xilinx to buy chip startup DeePhi Tech

20 July, 2018
American AI giant Xilinx to buy chip startup DeePhi Tech
American tech giant Xilinx is planning to acquire DeePhi Tech, a Beijing-based AI chip startup, The Paper reported.

Though no financial details have been disclosed so far, industry experts believes that the amount of the deal could be around US$300 million.

The chip startup is a recognized leader in deep learning capabilities, pruning neural networks, compression compiling and system-level optimization.

DeePhi Tech was founded by Yao Song with researchers from Tsinghua University and Stanford University in 2016.

In that short time period, the Beijing-based chip maker has already secured several rounds of financing.

Xilinx and MediaTek were early investors, and in October 2017, Ant Financial and Samsung Ventures led a US$40 million A+ round financing. 
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