ByteDance Nears Chip Supply Deal With MediaTek for Data Centers, Bloomberg Reports

3-line summary

• ByteDance is nearing an agreement with Taiwanese fabless chipmaker MediaTek to secure chips for its data-center operations, according to a Bloomberg report cited by Investing.com; Reuters said it could not independently verify the report. The report does not specify deal size, chip volume, specifications, or timing.
• MediaTek shares fell 6.82% the same day, amid a broader selloff in AI and chip stocks across Asian markets.

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