Photo: iStock
Photo: iStock

American tech giant Xilinx is planning to acquire DeePhi Tech, a Beijing-based AI chip startup, The Paper reported.

Though no financial details have been disclosed so far, industry experts believes that the amount of the deal could be around US$300 million.

The chip startup is a recognized leader in deep learning capabilities, pruning neural networks, compression compiling and system-level optimization.

DeePhi Tech was founded by Yao Song with researchers from Tsinghua University and Stanford University in 2016.

In that short time period, the Beijing-based chip maker has already secured several rounds of financing.

Xilinx and MediaTek were early investors, and in October 2017, Ant Financial and Samsung Ventures led a US$40 million A+ round financing.