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TikTok owner quietly doing an ‘Apple’ – ByteDance invests in the Chinese memory pioneer, months after a similar move in a GPU supplier, while planning an Apple Vision Pro VR rival

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

A report from Pandalya technology media site based in Beijing, ByteDance reportedly positions itself as the chipmaker’s third-largest shareholder, with an indirect stake of 9.5%.