Reports emerge that DeepSeek is raising $7.4 billion at a $74 billion valuation ahead of an IPO and plans a 160,000-chip Huawei cluster in Inner Mongolia.
Following·since 4 Sep 2026·New·2 sources
DeepSeek Plans $7.4B Raise and 160,000-Chip Huawei Cluster
The gist
The planned cluster would represent one of the largest known deployments of Chinese domestic AI chips, shifting a large share of DeepSeek's inference workloads to Huawei silicon. The reported fundraise at a $74 billion valuation signals significant investment ahead of a potential IPO.
The full picture
DeepSeek is reportedly raising $7.4 billion at a $74 billion valuation ahead of a planned IPO. The company also plans to deploy 160,000 Huawei 950DT chips at a gigawatt-scale data center in Inner Mongolia. Bloomberg reported the cluster would be one of the largest known Huawei AI clusters if completed. The Huawei 950DT chip features 144GB memory, 4TB/s memory bandwidth, and 2TB/s interconnect bandwidth, and is designed for decode inference and training; Huawei's roadmap schedules it for Q4 2026 availability. The 160,000 chips would occupy only part of the gigawatt-scale site, leaving DeepSeek's full accelerator mix unclear.
How it developed
Sources
Rohan Paul Twitter
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