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DeepSeek Announces $7 B Funding for AI Chip, Nvidia Shares Slip

7/8/2026

25 3 Full Breakdown

Summary

Story summary

DeepSeek began developing an AI inference chip in July 2025 to cut reliance on Nvidia and Huawei.
The company, having hired chip-design engineers and courting design, foundry and memory partners, seeks a $7 billion round that would value DeepSeek at $52-59 billion.
Nvidia shares fell 1.6%-2% pre-market after the announcement, while U.S. export controls continue to limit Chinese access to advanced foundries and high-bandwidth memory.

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Story summary

DeepSeek began developing an AI inference chip in July 2025 to cut reliance on Nvidia and Huawei.
The company, having hired chip-design engineers and courting design, foundry and memory partners, seeks a $7 billion round that would value DeepSeek at $52-59 billion.
Nvidia shares fell 1.6%-2% pre-market after the announcement, while U.S. export controls continue to limit Chinese access to advanced foundries and high-bandwidth memory.