Qualcomm (QCOM) struck an AI chip deal with ByteDance, Bloomberg reports

Newsquawk Staff · 26 May 2026, 15:05 UTC

Qualcomm has agreed to supply ByteDance with millions of application-specific integrated circuits for AI data centres supporting AI agent software
The deal marks a significant step in Qualcomm's push to expand beyond smartphone processors into AI infrastructure, Bloomberg reports

Sources

bloomberg.com

What our latest note said

US Market Open, 22 Oct, 10:37 UTC · what it led with

Iran's IRGC Navy warned that US efforts to encourage passage could result in strikes on US bases.
Iran's Major General Rezaei said Iran has presented seven new conditions through mediators and will neither reopen the Strait of Hormuz nor resume negotiations until they are met.

Read the whole note Free to read.

Newsquawk Daily

Get the next one free, by email.

What moved overnight, where stocks, bonds, currencies and oil stand, and what’s due today. Written by our analysts.

Both market-open notes, EU and US, every weekday. No account needed. Unsubscribe any time.

If you trade

This headline was on the Newsquawk live feed at 14:45 UTC.

Use the Platform opens our news terminal in your browser, with the live headline feed. It’s news, not a broker.

Use the Platform

Free. No signup, no card.

Case studies

Headlines that moved markets

Equities headlines from our feed, and what the market did next.

Lufthansa (LHA GY) reportedly exploring a sale of software assets in EUR 1bln deal, reports FT.
LHA GY shares+1.8%
Airbus (AIR FP) forecasts the aviation-services market to double by 2045, with passenger numbers expected to double to 10bln.
AIR FP shares+1.3%
LSEG (LSEG LN) reportedly to be in talks in acquire Permira's Octus for USD 3.5bln, Bloomberg reports.
LSEG LN shares−4.1%

See all 183

More on this story

Make Newsquawk a preferred source on GoogleSelect this to see Newsquawk more often in Top Stories when you search Google.

Sources

More on this story

Related headlines