--ByteDance, the Chinese owner of TikTok, is working with the U.S.-based Broadcom on developing an advanced artificial-intelligence processor, Reuters reports, citing unnamed sources.

--The move is expected to help ByteDance secure a sufficient supply of high-end chips amid tensions between the U.S. and China, the report said.

--The 5 nanometre chip in development, known as an application-specific integrated, would be compliance with U.S. export restrictions and manufacturing would be outsourced to Taiwan's TSMC, the sources told Reuters.

--ByteDance and Broadcom didn't respond to Reuters' requests for comment.

Full story: https://www.reuters.com/technology/artificial-intelligence/chinas-bytedance-working-with-broadcom-develop-advanced-ai-chip-sources-say-2024-06-24/

Write to Dean Seal at dean.seal@wsj.com

(END) Dow Jones Newswires

06-24-24 0629ET