(Yicai Global) July 18 -- American chipmaker Xilinx has completed its takeover of DeePhi Tech, a Chinese artificial intelligence startup, as it looks to break into the self-driving vehicle market.

The California-based firm announced the acquisition in a statement today without disclosing financial details. The target will continue to operate out of its Beijing offices while adding 200 workers to Xilinx's Greater China workforce.

DeePhi has been developing solutions based on Xilinx technology since its inception in 2016, and the two companies have worked closely together since, the statement said. Xilinx became a major investor last year and the two unveiled plans in June to drive into the autonomous vehicle market with DPhiAutoTM, a field-programmable gate array-based processor for onboard deep learning systems that offer advanced driver assistance.

Founded by researchers from Stanford and Tsinghua and with backing from Alibaba affiliate Ant Financial Services Group, DeePhi is one of China's leading machine learning developers and focuses deep compression, pruning, and system-level optimization for neural networks.

Editor: James Boynton