Qualcomm reportedly lands major AI chip supply deal with ByteDance

Qualcomm has reportedly finalized a significant agreement to supply millions of artificial intelligence chips to ByteDance, the Chinese technology company behind TikTok, marking a notable expansion of the U.S. chipmaker’s ambitions beyond its core smartphone processor business.

The reported deal would support ByteDance as it moves its in-house chip designs toward production-ready semiconductors intended for its AI agent software. For Qualcomm, the agreement points to a broader push into AI infrastructure at a time when demand for chips capable of supporting advanced AI systems remains a central force in the global technology market.

The development also comes against the backdrop of continuing U.S.-China technology tensions, particularly restrictions on the sale of advanced chips to Chinese companies. According to the report, Qualcomm’s shares rose as much as 8.3% after the news emerged, reflecting investor interest in the company’s potential role in the AI hardware supply chain.