TECH - TikTok-Parent ByteDance Collaborates With Broadcom To Develop Advanced AI Chip Amid US-China Tensions: Report | Benzinga
In a bid to secure a stable supply of high-end chips amid U.S.-China tensions, TikTok-parent ByteDance is reportedly collaborating with U.S. chip designer Broadcom (NASDAQ:AVGO) to develop an advanced AI processor.
What Happened: The chip in question is a 5-nanometer custom product known as an application-specific integrated chip (ASIC). It would be compliant with U.S. export restrictions, with the manufacturing outsourced to Taiwan Semiconductor (NYSE:TSM), Reuters reported on Monday citing, two sources familiar with the matter.
Amid the export controls implemented by the U.S. in 2022, no public announcements have been made regarding chip development collaborations between Chinese and U.S. companies involving 5nm or more advanced technology.
This collaboration between ByteDance and Broadcom, an existing business partner, is expected to reduce procurement costs and ensure a stable supply of higher-end chips.
However, TSMC is not expected to commence manufacturing the new chip this year. While design work ...