As ByteDance spends billions on AI, which Chinese chip start-ups stand to gain?

ByteDance, the owner of TikTok, is reportedly shifting towards domestic Chinese chips for its artificial intelligence workloads. This move is driven by regulatory hurdles affecting Nvidia's supply and Beijing's push for homegrown semiconductors. ByteDance is considering smaller, "tier-two" Chinese chipmakers for its cloud infrastructure. Companies like Biren Technology, MetaX Integrated Circuits, Iluvatar CoreX, Moore Threads Technology, and Enflame Technology are among those attempting to secure orders from ByteDance. These suppliers aim to capitalize on the opportunity presented by the void left by Nvidia and the increasing demand for domestic chip solutions in China.