Monday, 15 June, 2026
Pivot to Local: ByteDance Eyes Iluvatar Chips Amid U.S. Tech Restrictions
By TechShots Studio
TikTok parent ByteDance is in talks to purchase at least 50,000 AI chips from Shanghai-based startup Iluvatar CoreX.The deal focuses on hardware for AI inference tasks to power ByteDance's expanding Doubao chatbot ecosystem. As U.S. export controls tighten, the agreement underscores a broader shift toward domestic self-reliance, with Chinese tech giants increasingly swapping foreign silicon for local alternatives.