ByteDance's semiconductor push highlights a focus from firms to create chips for specific purposes as well as China's desire to become stronger in this tech.
ByteDance, the parent company behind TikTok, is exploring designing chips for its own use in specialized fields because it hasn't been able to find suppliers that can meet its requirements.
ByteDance's semiconductor push plays into two major themes — an increasing focus from companies to create chips for specific purposes as well as Beijing's desire to become stronger in this fundamental technology. ByteDance, the parent company behind TikTok and more recent gaming successes, is exploring chips-design for its own use in specialized fields because it hasn't been able to find suppliers that can meet its requirements, a spokesperson told CNBC.
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