TikTok owner is quietly doing an ‘Apple’ — ByteDance invests in Chinese memory pioneer, months after a similar move in a GPU vendor, as it plans for an Apple Vision Pro VR rival
TikTok’s parent company ByteDance has reportedly quietly invested in Xinyuan Semiconductors, a Chinese memory chip manufacturer. A report from Pandaily, a tech media site based in Beijing, the move reportedly positions ByteDance as the third-largest shareholder in the chip maker, holding an indirect stake of 9.5%. A ByteDance spokesperson confirmed this previously undisclosed investment to … Read more