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AVGO Jan 2025 550.000 put

OPR - OPR Delayed price. Currency in USD
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1.50000.0000 (0.00%)
As of 09:30AM EDT. Market open.
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  • Reuters

    Exclusive-China's ByteDance working with Broadcom to develop advanced AI chip, sources say

    China's ByteDance is working with U.S. chip designer Broadcom on developing an advanced AI processor, two sources familiar with the matter said, a move that would help TikTok's owner secure sufficient supply of high-end chips amid U.S.-Sino tensions. The 5 nanometre chip - a customised product known as an application-specific integrated chip (ASIC) - would be compliant with U.S. export restrictions and manufacturing work would be outsourced to Taiwan's TSMC, the sources added. ByteDance's tie-up with Broadcom, an existing business partner, would help slash procurement costs and ensure a stable supply of higher-end chips, said the sources, who declined to be identified due to the sensitivity of semiconductor issues in China.

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    China’s ByteDance working with Broadcom on advanced AI chip- Reuters Chinese technology firm ByteDance is working with U.S. chipmaker Broadcom Inc (NASDAQ:AVGO) to develop an advanced artificial intelligence processor, Reuters reported on Monday.