Qualcomm in talks to design custom chips for ByteDance
Qualcomm, the king of the smartphone modem, is in talks to design custom chips for ByteDance. The move would help it escape a shrinking phone market. It also shows US chipmakers will not give up on China.
Qualcomm wants to be a chip designer for the AI age. Its first big customer could be Chinese. The company is in talks to provide custom chip-design services to ByteDance, the owner of TikTok. Four people familiar with the matter told Reuters.
If it lands, ByteDance would become an early customer of a business Qualcomm is only now building out. The logic runs two ways at once. Qualcomm needs a future beyond the smartphone. A Chinese internet giant needs chips it can no longer easily buy from America. That is the real story here.
What is on the table
The talks centre on Qualcomm designing custom chips for ByteDance, according to three...
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