Qualcomm strikes AI chip deal with TikTok owner ByteDance, Bloomberg News reports
26/05/2026 15:54
Qualcomm strikes AI chip deal with TikTok owner ByteDance, Bloomberg News reports May 26 (Reuters) - Qualcomm QCOM.O reached a deal with TikTok owner ByteDance to supply chips for AI data centers, Bloomberg News reported on Tuesday, citing people familiar with the matter.
Shares of Qualcomm rose about 5% in morning trading.
(Reporting by Jaspreet Singh in Bengaluru; Editing by Devika Syamnath)
((Jaspreet.Singh@thomsonreuters.com; on X @i_jass;))
Recent news on Qualcomm
See all newsU.S. STOCKS ON THE MOVE-RBB Bancorp, Roblox, Open Lending
Brief: Qualcomm Launches Snapdragon Start To Enable The Next Phase Of Personal AI Devices
Brief: Inspecs, Qualcomm Technologies Collaborate On Connected Eyewear Technology
U.S. STOCKS ON THE MOVE-Amkor Technology, Dynatrace, Corvex
U.S. STOCKS ON THE MOVE-Qualcomm, Robinhood