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TikToks parent company ByteDance has reportedly quietly invested in Xinyuan Semiconductors, a Chinese memory chip manufacturer.
This investment in Xinyuan Semiconductors isn’t ByteDance’s first venture into the semiconductor industry.
In 2021, the tech behemoth also invested in Moore Thread, a Chinese GPU manufacturer.
The company’s strategic investments signal a clear intent to compete in the VR space.
TikTok is already available as anative app for Vision Pro.
