(Bloomberg) -- ByteDance Ltd. is close to an agreement to buy MediaTek Inc. data center semiconductors, a deal that would secure vital components for TikTok's owner while helping the Taiwanese chipmaker compete with Qualcomm Inc. Most Read from Bloomberg Stocks Fall on Inflation Woes as Chip Rout Deepens: Markets Wrap Apple Unveils $299 HomeView Hub as Part of New Smart Home Push Epic Games Delays Disney Project, Asks Developers to Use More AI CoreWeave's Big Dream Crashes Into Reality as Yields Top 15% CoreWeave's Bonds Turn Distressed, Drawing 'Yikes' From Musk The Chinese social media company is in advanced talks with MediaTek over the supply of bespoke chips that will help run ByteDance data centers, people familiar with the matter said.
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