Global chip supplier Qualcomm Inc.
(NASDAQ:QCOM) is reportedly in talks with China's ByteDance to provide custom chip-design services.
If the deal materializes, the TikTok parent would become an early customer of Qualcomm's chip-design services operation, Reuters reported on Wednesday.
The proposed chips for ByteDance would partially utilize technology from AlphaWave Semi, a high-speed connectivity company acquired by Qualcomm last year.
However, talks are still ongoing, and ByteDance may ultimately pursue alternative partners, according to the report.
