Market Chatter: Iluvatar Reportedly Eyes AI Chip Sale Deal with ByteDance

MT Newswires Live06-15

Shanghai Iluvatar CoreX Semiconductor (HKG:9903) is in talks for the potential sale of AI chips for inference tasks to technology group ByteDance, Reuters reported Monday citing two people familiar with the matter.

A similar supply deal with Baidu (HKG:9888) is also on the cards, the people said and Reuters reported. Details of both deals are yet to be finalized.

Baidu, Iluvatar and ByteDance did not immediately respond to requests from MT Newswires for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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