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Physix Frontier · News Briefing Card (enbrief · Sep 17, 2026)

DeepSeek Plans 1GW Data Center, Prepares IPO

KEY FACTS

  • DeepSeek plans to build a 1GW data center deploying over 160,000 Huawei Ascend 950DT chips.
  • The nominal investment for the chips alone is estimated to exceed 40 billion yuan, with final pricing undisclosed.
  • DeepSeek has hired CITIC Securities to guide its listing process and intends to launch its STAR Market IPO within the year.
  • The release of the V4.1 Flash model cuts cached input prices during idle periods to 0.02 yuan per million tokens.

KEY DATA

1GWPlanned Compute Capacity
>160,000 unitsChip Count
>40 billion yuanNominal Chip Investment
0.02 yuan/million tokensLow-Cost Token Price

PHYSIX OBSERVATION

AI competition has shifted from model parameters to the extreme compression of unit inference costs. DeepSeek’s choice of Ulanqab aims to leverage local independent grid advantages—low electricity rates and green energy—to offset high hardware investments. This marks the entry of large models into a 'heavy asset + low cost' operational phase; whoever can minimize token production costs through energy intensification will control pricing power in the next round, as pure technical iteration is no longer sufficient to build a moat.

Source: enbrief original report ↗

DeepSeek Plans 1GW Data Center, Prepares IPO | Physix Frontier Briefing