AsianFin -- ByteDance, the Chinese tech giant and owner of TikTok, has set aside over 150 billion yuan ($20.64 billion) in capital expenditure for 2025, with a significant portion earmarked for artificial intelligence initiatives, Reuters reported, citing two sources familiar with the matter.
The company plans to allocate approximately half of this investment to overseas AI-related infrastructure, including data centers and networking equipment, the sources said.
Major beneficiaries of this spending are expected to include chipmakers Huawei Technologies and Cambricon Technologies, as well as U.S. supplier Nvidia. The sources requested anonymity due to the confidential nature of the information.
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