AIQuartzabout 1 hour ago
ByteDance nearing deal for MediaTek AI chips
2 min read
ByteDance is in advanced talks to buy custom AI chips from MediaTek for its data centers. The deal would make ByteDance the second major ASIC customer for the chipmaker after Alphabet. Qualcomm already supplies millions of chips to ByteDance. ByteDance may increase capital expenditure to as high as $70 billion this year, secured via a $30 billion loan in September.
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