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ByteDance confirms chip development plan amid China's tech self sufficiency initiative

ByteDance, the owner of TikTok, has confirmed today that the company is exploring the development of its own chips, since it has failed to find a supplier which could meet its requirements. Self-designed chips will be used internally only, as they will be customized to handle workloads related to ByteDances multiple business areas, including video platforms, messaging and entertainment. ByteDance joins the likes of Baidu and Alibaba to make chips in-house for special purposes, echoing China...
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