DeepX Signs Exclusive Distribution Agreement for 'On-Device AI' Semiconductors with Daewon CTS

by Kim Pyeonghwa

Published 12 Apr.2024 10:52(KST)

Cooperation to Supply Yangsan Products in the Second Half of the Year

DeepX, an artificial intelligence (AI) semiconductor company, signed a B2B (business-to-business) and B2C (business-to-consumer) distribution agreement with Daewon CTS on the 11th at DeepX headquarters in Pangyo, Gyeonggi Province, to expand on-device AI (AI running inside devices) solutions across all industries. Attending the event were DeepX CEO Kim Nok-won and Daewon CTS Chairman Jeong Myeong-cheon, along with other representatives from both companies.

From the left, Jeong Myeongcheon, Chairman of Daewon CTS, Kim Nokwon, CEO of DeepX, and Ha Seongwon, CEO of Daewon CTS, are taking a commemorative photo at the distributor business contract signing ceremony. / Photo by DeepX

Founded in 1988, Daewon CTS is the largest AI infrastructure supplier in Korea. It serves as the domestic distributor for global semiconductor and server companies such as AMD, Dell, Supermicro, and K2s. Additionally, it holds distribution agreements with domestic and international IT manufacturers including LG, Samsung, and HP, distributing IT products within Korea.

Through this agreement, DeepX plans to supply products mass-produced from the second half of the year to the market via Daewon CTS, thereby accelerating its business. The company explained that there are significant advantages in efficiently supplying on-device AI semiconductors such as the DX-V1 and DX-M1 to customers from the early stages of mass production. Since Daewon CTS is the domestic distributor for major server developers, this partnership is expected to create strong synergy for DeepX in targeting the AI server market.

CEO Kim Nok-won stated, "We will expand our presence in the AI semiconductor market with Daewon CTS’s solid and extensive distribution network and DeepX’s excellent products." He added, "The first-generation products, consisting of four AI semiconductors, will be mass-produced starting in the second half of the year. Through this, we will intensify our efforts in the global market and open the era of AI becoming a part of everyday life."