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MAJORChinese Media2026-11-06 07:00

DeepSeek Fuels Sparse Computing Boom as Chinese Chip Startup Raises Nearly 1 Billion Yuan Again

Chinese AI chip startup Moxin AI has closed a Series C+ round of nearly 1 billion yuan (about $137 million), its second financing of that size in five months. The company builds dedicated sparse-computing inference chips, and says its Q3 revenue grew several-fold while its S30 card has won MLPerf Inference categories three times running. It matters because DeepSeek's MoE models make sparse computation central to inference economics, and a specialised chip offers Chinese AI hardware a differentiated path against general-purpose GPUs.

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