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Market Chatter: Morgan Stanley to Assist South Korean AI Chip Designer With Fresh Capital-Raising Round
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Market Chatter: Morgan Stanley to Assist South Korean AI Chip Designer With Fresh Capital-Raising Round
Aug 11, 2025 4:45 AM

07:15 AM EDT, 08/11/2025 (MT Newswires) -- Morgan Stanley ( MS ) will help South Korean artificial intelligence chip designer DeepX with a new capital raising round ahead of a potential initial public offering in 2027, Bloomberg News reported Saturday, citing people familiar with the matter.

The startup is aiming to raise substantially more than the 110 billion South Korean won ($79 million) it garnered in a series C round in 2024, the unnamed sources told the news outlet.

Morgan Stanley ( MS ) didn't immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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