ByteDance last week told chip design workers in Beijing, Shanghai, other China offices, that they now report to the company’s Singapore-unit, Picoheart, Reuters reports, to ensure access to advanced semiconductor technology. ByteDance is designing its own AI chips to reduce dependence on Nvidia. Since late 2023, US regulations have prevented China-based companies from using TSMC to produce advanced AI chips. ByteDance also operates large data centers in Singapore, and the CEO of subsidiary TikTok, Shou Zi Chew, is based there. $Taiwan Semiconductor(TSM.US) $Broadcom(AVGO.US) $NVIDIA(NVDA.US) $Synopsys(SNPS.US) $CDNC #semiconductors
Source: Dan Nystedt
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