ByteDance Accelerates AI Chip Development
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 11 2026
0mins
Should l Buy AVGO?
Source: Benzinga
- AI Chip Development: ByteDance is reportedly developing an artificial intelligence chip and is in discussions with Samsung Electronics for manufacturing, with sample chips expected by the end of March, marking a strategic move in the AI sector.
- Production Scale Plans: The company aims to manufacture at least 100,000 AI inference chips in 2023, gradually scaling production to 350,000 units to meet the rising demand driven by global AI infrastructure expansion.
- In-House Chip Strategy: This chip development represents a key milestone in ByteDance's multi-year effort to build in-house chips for AI workloads, which began with talent recruitment in 2022 to drive this initiative forward.
- Supply Chain Negotiations: ByteDance is negotiating with Samsung not only on manufacturing but also on securing memory chip supplies, addressing the tight demand for memory chips globally, thereby strengthening its market position.
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Analyst Views on AVGO
Wall Street analysts forecast AVGO stock price to rise
30 Analyst Rating
29 Buy
1 Hold
0 Sell
Strong Buy
Current: 314.550
Low
370.00
Averages
457.75
High
525.00
Current: 314.550
Low
370.00
Averages
457.75
High
525.00
About AVGO
Broadcom Inc. is a global technology firm that designs, develops, and supplies a range of semiconductors, enterprise software and security solutions. The Company operates through two segments: semiconductor solutions and infrastructure software. Its semiconductor solutions segment includes all of its product lines and intellectual property (IP) licensing. It provides a variety of radio frequency semiconductor devices, wireless connectivity solutions, custom touch controllers, and inductive charging solutions for mobile applications. Its infrastructure software segment includes its private and hybrid cloud, application development and delivery, software-defined edge, application networking and security, mainframe, distributed and cybersecurity solutions, and its FC SAN business. It provides a portfolio of software solutions that enable customers to plan, develop, automate, manage and secure applications across mainframe, distributed, mobile and cloud platforms.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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