Could 26 (Reuters) – Qualcomm reached a take care of TikTok proprietor ByteDance to produce chips for AI knowledge facilities, Bloomberg Information reported on Tuesday, citing individuals acquainted with the matter.
Shares of the smartphone chip designer rose about 5%.
ByteDance is about to procure tens of millions of Qualcomm chips often known as application-specific built-in circuits to assist help the social media firm’s AI agent software program, in accordance the report.
The Chinese language tech large is poised to grow to be certainly one of Qualcomm’s first main prospects for the AI-focused application-specific built-in circuits (ASICs), marking a key win for the chip firm attempting to develop from smartphone processors into AI infrastructure, the report stated.
Qualcomm and ByteDance didn’t instantly reply to requests for remark. Reuters might not independently confirm the report.
(Reporting by Jaspreet Singh in Bengaluru; Modifying by Devika Syamnath)