Semiconductor News & Analysis Feed

May 26 (Reuters) – Qualcomm reached a deal with TikTok owner ByteDance to supply chips for AI data centers, Bloomberg News reported on Tuesday, citing people familiar with the matter. Shares of ​the smartphone chip designer rose nearly 5%. ByteDance is set to ‌procure millions of Qualcomm chips known as application-specific integrated circuits to help support the social media company’s AI agent

Luke Kawa 23M Qualcomm spikes after report that it’s selling “millions” of AI chips to TikTok owner ByteDance QualcommQCOM $250.06 (5.00%) is spiking after a Bloomberg report that the chip company is poised to sell “millions” of AI chips to TikTok owner ByteDance. The report, citing people familiar with the matter, said these custom processors would be used to “support the social media company’s

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