Qualcomm is in discussions to provide custom chip-design services to Chinese technology giant ByteDance, according to four people familiar with the matter.
The talks represent a significant potential expansion for the US semiconductor firm, which is actively seeking to broaden its revenue base beyond the smartphone market that has historically dominated its business.
The development underscores Qualcomm's strategic effort to diversify its customer portfolio and revenue streams.
While the mobile sector remains its largest source of income, the company is increasingly looking toward enterprise and AI-specific workloads to drive future growth.
A deal with ByteDance, the parent company of TikTok, would mark a notable entry into the custom silicon space for a major Chinese tech player.
This move comes as Qualcomm navigates a complex geopolitical landscape.