TikTok's Chinese parent ByteDance plans to develop an AI model trained primarily with chips from compatriot Huawei Technologies (HWT.UL), said three people familiar with the matter, as U.S. curbs turn the social media giant homeward in search of chips.

As first reported by Reuters, ByteDance, the Chinese parent company of TikTok, is planning to train and develop an AI model using chips from fellow Chinese company Huawei. Three anonymous sources approached Reuters with this information;