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NicholasLee
NicholasLee
May 13, 2026

ByteDance raises its 2023 capital expenditure budget by 25% to over 200 billion yuan, adding roughly 40 billion yuan. The increase addresses rising memory chip costs and funds heavy investment in AI, including high-performance chips and new data centers. This mirrors a broader trend among tech giants like Tencent, fueling an industry-wide AI investment boom and benefiting the entire computing power chain.

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