Qualcomm is reportedly in discussions with ByteDance, the parent company of TikTok, to offer custom chip design services. This potential partnership aims to lessen Qualcomm’s reliance on the smartphone market, which currently generates the majority of its revenue. Sources indicate this move represents Qualcomm’s strategy to expand into new areas and diversify its business. The deal would see Qualcomm leveraging its expertise in chip technology to create bespoke designs for ByteDance’s various applications. This collaboration could provide ByteDance with greater control over its hardware and potentially enhance the performance of its platforms. Details of the potential agreement, including financial terms, remain undisclosed at this time. The move signals a growing trend of tech companies seeking in-house chip development for competitive advantage.