AI semiconductor company DeepX has won the '2024 Company of the Year' award in the Global AI Semiconductor Industry Sector from global consulting firm Frost & Sullivan.

“DeepX is meeting market needs with tailored AI semiconductor solutions, and this approach is having a major impact across the AI industry,” said the Frost & Sullivan evaluation panel. “DeepX’s low-power AI chips provide a competitive advantage in energy efficiency, performance, and cost-effectiveness.”

This strategy is expected to contribute to reducing AI service costs and expanding the AI service market in line with the increasing demand for edge AI computing solutions.

Frost & Sullivan said it awarded the award based on its company report, which included company analysis and industry and market research on DeepX. In the report, Frost & Sullivan analyzed that “DeepX is meeting the market demand for customized solutions by enabling customers to select the chip that best suits their business needs and explore products through its early engagement customer program.”

He also explained that “DeepX prioritizes active customer engagement to build close customer relationships, reduce development time, and accelerate successful projects,” and that “DeepX innovates and differentiates itself from competitors by developing technology solutions and delivering cost-effective solutions with lower power consumption while maintaining performance and accuracy.” He added that “DeepX is creating new markets early by integrating customer-centric strategies and demonstrating best practices.”

Kim Nok-won, CEO of DeepX, said, “This award is an important achievement that shows that DeepX, headquartered in Korea, a wasteland for system semiconductors, is leading the global market with AI semiconductor technology and business strategy.” He added, “Going forward, DeepX will continue to position itself as a global leader in the on-device AI semiconductor industry through innovative technology development and bold management strategies.”