ByteDance is reported to be nearing an agreement to buy MediaTek-designed data-center chips, people familiar with the matter said.
MediaTek is in detailed talks to supply custom application-specific integrated circuits (ASICs) tailored for ByteDance’s data centers; unit volumes were not disclosed. If completed, ByteDance would become MediaTek’s second-largest ASIC customer after Google.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.