Exclusive ByteDance Develops Custom CPU Chips to Support AI Launch, Sources Say

Exclusive ByteDance Develops Custom CPU Chips to Support AI Launch, Sources Say

By Liam Mo and Fanny Potkin BEIJING/PARIS, May 28 (Reuters) – Chinese tech giant ByteDance is developing its own central processing units (CPUs) to meet its growing artificial intelligence infrastructure needs, three people familiar with the matter said, as rising chip prices and prolonged supply shortages limit its expansion plans. The move underscores the industry’s…

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Semiconductor Stocks Rise on Big Tech Earnings, Qualcomm Outperforms

Semiconductor Stocks Rise on Big Tech Earnings, Qualcomm Outperforms

What happened: Semiconductor stocks rose on Thursday. Qualcomm (QCOM) rose 9% in pre-market trading, while peers Broadcom (AVGO), Intel (INTC), and AMD (AMD) also rose higher. What’s behind the measure: Big tech earnings from companies like Meta Platforms (META) and Microsoft (MSFT) showed that hyperscalers plan to increase their capital expenditures on AI infrastructure. Wall…

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