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Qualcomm Signs ByteDance AI ASIC Deal, Shares Surge 8%

5/27/2026

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Summary

Story summary

Qualcomm signed a deal with ByteDance to supply millions of AI data-center ASICs.
Qualcomm shares jumped up to 8.3% intraday, a new record.
ByteDance will use the ASICs for its AI agent software and to make its in-house chip design production-ready.
CEO Cristiano Amon said Qualcomm will keep the ASICs within acceptable thresholds while working with customers on CPUs and accelerators.

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Story summary

Qualcomm signed a deal with ByteDance to supply millions of AI data-center ASICs.
Qualcomm shares jumped up to 8.3% intraday, a new record.
ByteDance will use the ASICs for its AI agent software and to make its in-house chip design production-ready.
CEO Cristiano Amon said Qualcomm will keep the ASICs within acceptable thresholds while working with customers on CPUs and accelerators.