Qualcomm Eyes ByteDance Chip-Design Deal as It Seeks to Cut Smartphone Reliance
Updated
Updated · Insider Monkey · Jun 24
Qualcomm Eyes ByteDance Chip-Design Deal as It Seeks to Cut Smartphone Reliance
3 articles · Updated · Insider Monkey · Jun 24
Summary
Qualcomm is in talks to provide custom chip-design services to ByteDance, a move that could make the TikTok parent one of the first customers of its new services business.
The discussions are part of Qualcomm’s push to diversify beyond smartphones, where it remains the world’s largest supplier of modem chips for cellular communications.
Two sources said the proposed chips would partly use technology from AlphaWave Semi, the high-speed connectivity specialist Qualcomm acquired last year.
Three sources said the talks are still ongoing and may not produce a final design-and-manufacturing agreement, with ByteDance also able to choose other partners.