ByteDance recently transferred about a thousand employees of the semiconductor team to Singapore's subsidiary Picoheart (SG). According to the company and its employees, the company announced the affected employees last week and immediately executed it. This week, the employee communication account will be transferred from the company's collaboration tool book (the international version name is Lark) to the new company.
The word section jumps to inform the migrant workers that the contract, work location, welfare, performance assessment and attendance will not change. In response to an inquiry from Chinese media "Pengpai News", the company said that the main entity responsible for the chip business has not been changed, and there are no layoffs, spin-offs or changes in the physical body.
This change only updates the book directory, and the word jumps without explaining the reason. The vocal leap is accelerating the development of chips with other Chinese technology giants in response to increasingly strict restrictions on the export of advanced semiconductors in the United States. Picoheart (SG) is mainly responsible for chip research and development and investment. In 2024, it plans to invest in Xinyuan semiconductor company, with a shareholding ratio of about 6.33% to 9.5%. Xinyuan semiconductors focus on ReRAM storage, and the system-level storage and storage integrated IP fields have been commercially used. The battle for jumping chips in the verse session has continued to expand, with capital expenditure reaching RMB 80 billion in 2024, and the investment focus is on self-built data centers and research and development of DPU chips.
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