From Investing.com: 2024-06-23 23:27:41

Chinese tech company ByteDance is collaborating with Broadcom Inc to develop a cutting-edge artificial intelligence processor, aiming to secure a stable supply of AI chips amidst U.S. export restrictions. The 5 nanometre chip will comply with U.S. export regulations and likely be manufactured by TSMC. ByteDance has previously purchased AI chips from Broadcom.

Chinese tech firms are increasing efforts to obtain advanced AI chips, following U.S. restrictions on major chipmakers like NVIDIA. While Nvidia can still sell less advanced AI chips in China, local competitors like Huawei are gaining traction. ByteDance is expanding into generative AI, with reports of developing its own genAI platform.

The push for AI has boosted global chipmakers, with Broadcom raising its annual earnings forecast due to growing AI-driven demand. This partnership between ByteDance and Broadcom highlights the importance of securing advanced AI chips in a competitive market, particularly in the face of geopolitical tensions and export restrictions.



Read more at Investing.com: China’s ByteDance working with Broadcom on advanced AI chip- Reuters By Investing.com