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Qualcomm Inc. reached a deal with TikTok owner ByteDance Ltd. to supply chips for artificial intelligence data centers.
ByteDance will purchase millions of Qualcomm's AI ASIC chips for its data centers.
KEY POINTS
- This makes ByteDance one of the first major customers for Qualcomm's AI-specific chips.
- The deal helps ByteDance move its own chip design into full-scale semiconductor production.
- ByteDance increased its AI infrastructure budget by 25% to $29.4 billion this year.
- Qualcomm's AI chip supply can proceed as long as chips remain within US export restrictions.
COMPANIES
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