Market Chatter: Iluvatar Reportedly Eyes AI Chip Sale Deal with ByteDance

MT Newswires Live

06/15

Shanghai Iluvatar CoreX Semiconductor (HKG:9903) is in talks for the potential sale of AI chips for inference tasks to technology group ByteDance, Reuters reported Monday citing two people familiar with the matter.

A similar supply deal with Baidu (HKG:9888) is also on the cards, the people said and Reuters reported. Details of both deals are yet to be finalized.

Baidu, Iluvatar and ByteDance did not immediately respond to requests from MT Newswires for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Details of both deals are yet to be finalized.</p><p>Baidu, Iluvatar and ByteDance did not immediately respond to requests from MT Newswires for comment.</p><p>(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0164865239.USD","symbol_name":"HSBC GIF CHINESE EQUITY \"AC\" (USD) ACC","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2643271667","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2643271667","pubTimestamp":1781515133,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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