China's ByteDance is reportedly working with U.S. chip designer Broadcom to develop an advanced AI processor, according to sources familiar with the matter. This collaboration aims to help ByteDance, the owner of TikTok, secure a sufficient supply of high-end chips amid tensions between the United States and China. The advanced AI processor is expected to be a 5 nanometer chip, compliant with U.S. export restrictions, and the manufacturing work is likely to be outsourced to Taiwan's TSMC