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Cross-border underwriting creates fees while export controls and military-link scrutiny increase compliance risk.
Recent Price Moves Put Shanghai Iluvatar CoreX Semiconductor In Focus Shanghai Iluvatar CoreX Semiconductor (SEHK:9903) has drawn attention after sharp recent gains, with the stock up about 21% in the past day and roughly 42% over the past month. Over the past 3 months, the share price move is very large compared with the shorter-term performance. This has prompted investors to reassess how the AI-focused GPGPU business and current valuation align with the company’s fundamentals. See our...
ByteDance, the parent company of TikTok, is reportedly in talks with Iluvatar CoreX and Baidu Inc. to acquire AI chips. Iluvatar CoreX is projected to deliver at least 50,000 chips to ByteDance this year, primarily for AI inference tasks, as...
Baidu (BIDU) is being considered by ByteDance as a potential supplier of its Kunlunxin artificial in
Chinese technology company ByteDance is in talks with Shanghai-based Iluvatar CoreX to purchase AI chips for inference work and is also considering a similar deal with Baidu, according to two sources familiar with the matter. If a deal is agreed, Iluvatar CoreX would become ByteDance's third major domestic supplier of graphics processing units (GPUs) after Huawei and Cambricon, the sources added. TikTok parent ByteDance is also considering using Baidu's Kunlunxin chips, they said, declining to be named as the talks are not public.
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