Qualcomm was reported to be in talks with ByteDance on custom chip-design services

Reuters reported, citing people familiar with the matter, that Qualcomm is in talks to provide custom chip-design services to ByteDance, potentially involving video-processing units and possible production by year-end if conditions are met. The talks are ongoing and may not produce a final chip. If completed, ByteDance would become an important early customer for Qualcomm’s custom-chip business, showing that commercial cooperation and strategic technology competition can continue at the same time.