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ByteDance's reported plan to purchase at least 50,000 AI inference chips from Shanghai-based GPU developer Iluvatar CoreX could become one of the most significant commercial wins yet for China's domestic AI chip industry.

Shanghai Iluvatar CoreX Semiconductor (SEHK:9903) Stock Looks Fully Valued After A 42% Monthly Jump Shanghai Iluvatar CoreX Semiconductor (SEHK:9903) Stock Looks Fully Valued After A 42% Monthly Jump · Simply Wall St. Simply Wall St Sun, June 21, 2026 at 3:06 PM PDT 3 min read 9903.HK +1.24% Find your next quality investment with Simply Wall St's easy and powerful screener, trusted by over 7 mill

Nvidia's China Woes Deepen As TikTok Parent ByteDance Eyes AI Chips From Iluvatar CoreX, Baidu: Report Namrata Sen Tue, June 16, 2026 at 12:31 PM PDT 6 min read 9903.HK -1.89% 0700.HK -0.45% NVDA -2.37% 688256.SS +1.00% Trade NVIDIA on Coinbase Trading disclosure Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. ByteDance, the parent company of

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ByteDance in talks to acquire AI chips from Iluvatar CoreX in push away from Nvidia TikTok's parent company is negotiating to buy at least 50,000 AI inference GPUs from the Shanghai-based chipmaker as