A major Chinese chip industry investment fund is in talks to steer a new funding round for DeepSeek at a valuation of approximately USD45 billion, the Financial Times reported, citing sources familiar with the matter. China Integrated Circuit Industry Investment Fund (ICF) is seeking to take the lead in the financing round, although details of the round and its participants have yet to be finalized, sources divulged. Related News JPM: China-US Leaders' Summit May Reach Framework for Further Talks; Focus on Chip, Agricultural, Aircraft and Crude Oil DealsThe state-backed fund, known as the "Big Fund", supported several major domestic chip manufacturers, including SMIC (00981.HK) -2.450 (-3.198%) Short selling $627.88M; Ratio 9.764% . (HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-13 16:25.)
AASTOCKS Financial News