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

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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