Story perspectives

ByteDance to Buy 50k Iluvatar AI Chips, Third Supplier.

6/15/2026

Summary

Story summary

ByteDance is negotiating to purchase 50,000 Iluvatar CoreX AI chips for its Doubao service.
The chips will run inference, making Iluvatar CoreX ByteDance’s third GPU supplier after Huawei and Cambricon.
Chinese chipmakers held 41% of the accelerator-server market last year, pushing Nvidia’s share near zero.
Iluvatar CoreX reported 1 billion yuan revenue for 2025 and plans to ship 100,000 chips.
Iluvatar CoreX’s Hong Kong shares rose 12% after the report.

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Story summary

ByteDance is negotiating to purchase 50,000 Iluvatar CoreX AI chips for its Doubao service.
The chips will run inference, making Iluvatar CoreX ByteDance’s third GPU supplier after Huawei and Cambricon.
Chinese chipmakers held 41% of the accelerator-server market last year, pushing Nvidia’s share near zero.
Iluvatar CoreX reported 1 billion yuan revenue for 2025 and plans to ship 100,000 chips.
Iluvatar CoreX’s Hong Kong shares rose 12% after the report.