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

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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 fromfor 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.)

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