TikTok owner is quietly doing an ‘Apple’ — ByteDance invests in Chinese memory pioneer, months after a similar move in a GPU vendor, as it plans for an Apple Vision Pro VR rival

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TikTok’s parent company ByteDance has reportedly quietly invested in Xinyuan Semiconductors, a Chinese memory chip manufacturer. 

A report from Pandaily, a tech media site based in Beijing, the move reportedly positions ByteDance as the third-largest shareholder in the chip maker, holding an indirect stake of 9.5%.



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TikTok owner is quietly doing an ‘Apple’ — ByteDance invests in Chinese memory pioneer, months after a similar move in a GPU vendor, as it plans for an Apple Vision Pro VR rival

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