DEEPX Strengthens Commitment to the Greater China Market by Showcasing its AI Chip Solutions at ELEXCON 2023

- Market research firm IDC predicts that 56% of IT devices sold in China will be equipped with AI engines by 2026, and DEEPX will launch products in time to meet the mass production schedule of multiple IT devices.

- DEEPX unveils total solutions based on its AI semiconductor source technology and a live demonstration of its M.2 module on the open embedded platform Orange Pi.

- "DEEPX will introduce compact camera and M.2 module products equipped with AI semiconductors to capture the Greater China market with world-class power and price competitiveness."

SHENZHEN, China and SEOUL, South Korea, Aug. 22, 2023 /PRNewswire/ -- DEEPX (CEO, Lokwon Kim), a company that develops original technology for artificial intelligence semiconductors, will participate in 'ELEXCON 2023', the largest electronics exhibition in Shenzhen, China, to showcase its technologies and products to the Greater China market and continue its full-scale efforts to enter the East Asian market.

ELEXCON 2023 is a three-day international electronics exhibition held at the Shenzhen International Convention Center in Shenzhen, China, from August 23 to 25. Leading Chinese will attend exhibition set manufacturers Huawei, Tencent, Alibaba, and Baidu; North American semiconductor design solution partner (DSP) Mouser Electronics; leading Chinese telecommunications company China Mobile, and leading Chinese video equipment company Hikvision, as well as more than 600 global brands in AI and IoT, embedded systems, and autonomous vehicles, and more than 50,000 related technology professionals.

At the exhibition, DEEPX will showcase its four-chip product suite, DX-L1, DX-L2, DX-M1, and DX-H1, which are total solutions that cover a large portion of the Edge AI market. This product suite offers four total chip solutions to a wide range of applications, from small sensors to robots, home appliances, smart mobility, and edge servers. This range of products showcases DEEPX's AI semiconductor technology excellence and creates various business opportunities. The company will also highlight a live demonstration of its M.2 modules running AI algorithms for robots by interfacing them with Orange Pi, an embedded board with a rich ecosystem.

According to market research firm IDC, half of the IT devices sold in the Chinese market in 2026 will be equipped with AI engines. By targeting this market, DEEPX expects to launch the world's highest-performance AI semiconductors in mass production in 2024, align with the mass production lineups of IT device companies in 2025, and seize the opportunity to capture the huge market for edge AI in 2026.

To enter Greater China in earnest, in April, DEEPX partnered with Samsung Electronics' exclusive distributor, CoAsia Electronics, and began a full-scale collaboration to enter the East Asian market, deploying business personnel in mainland China and Taiwan and promoting cooperation with potential customers. The company has more than 300 global customers with annual sales of approximately KRW 1 trillion. The company's main sources of revenue are memory semiconductors and CMOS image sensors (CIS), which are essential components for machine vision systems and are compatible with the AI semiconductors developed by DEEPX. DEEPX expects many of CoAsia Elec's current customers to require AI semiconductors.

In June, DEEPX participated in Computex Taipei 2023 in Taipei, Taiwan, and was recognized for its innovative source technology and commercial potential to lead the global market. In particular, the company won the Startup Terrace Awards and a USD 20,000 cash prize among 400 global startups at Computex Taipei Innovex 2023, a special pavilion for startups. For the fast-growing Greater China market, DEEPX will continue to meet customers locally by participating in the International AI Expo, the largest AI exhibition in Chongqing, China, in October.

"DEEPX plans to participate in various exhibitions and promotional activities held locally at least three to four times a year to preempt the AI semiconductor market in China and Taiwan, which will be important battlegrounds for AI semiconductor technology," said Lokwon Kim, CEO of DEEPX. And then, "At the '2023 Computex Taipei' exhibition, we received a good response from IT hardware OEMs and Greater China companies in AI application development. These potential customers praised DEEPX's solution strategy consisting of four products as ▲highly responsive to various market needs and ▲highly mass-producible technology that can smoothly implement AI computation even in resource-constrained environments. In addition to mass-producing NPU chips, we will strengthen cooperation with Chinese and Taiwanese companies to proactively target the Greater China market by mass-producing AI applications that can be applied to the smart camera and AI hardware markets," he said.

Elexcon 2023 Shenzhen International Electronics Show
-Date: August 23-25
-Place: Hall 1/9, Shenzhen World Exhibition & Convention Center
-DEEPX Booth: Hall 1, 1H51

About DEEPX

DEEPX is a leading AI semiconductor technology company dedicated to driving innovation in the rapidly evolving edge AI landscape. With their state-of-the-art AI chip product line, DEEPX aims to revolutionize industries such as robotics, smart cities, surveillance, and more. DEEPX is committed to establishing the industry standard for AI semiconductors worldwide through technological excellence, strategic collaborations, and a global outlook.

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SOURCE DEEPX