TikTok Parent Company ByteDance Partners with Broadcom to Create AI Chip Despite US-China Strain: Report – Broadcom (NASDAQ:AVGO), Marvell Tech (NASDAQ:MRVL)

TikTok Parent Company ByteDance Partners with Broadcom to Create AI Chip Despite US-China Strain: Report – Broadcom (NASDAQ:AVGO), Marvell Tech (NASDAQ:MRVL)

ByteDance, the parent company of TikTok, is reportedly collaborating with American chip designer Broadcom to develop a custom 5-nanometer application-specific integrated chip (ASIC) to ensure a stable supply of high-end chips amidst tensions between the United States and China. This collaboration, aimed at complying with US export restrictions, would see the manufacturing of the chip … Read more

Broadcom and Marvell Poised to Lead Custom Chip Market in Morning Brew

Broadcom and Marvell Poised to Lead Custom Chip Market in Morning Brew

Stock market futures are indicating a lower opening, with S&P 500 down 18 points and Nasdaq 100 down 52 points. Tech stocks are experiencing pre-open losses, adding to negative sentiment driven by growth concerns after a weak ISM manufacturing report. Treasury yields and oil prices are lower this morning due to continued concerns about the … Read more