Recently, rumors have circulated that ByteDance's entire chip team has had its authority revoked, its business separated from the group, and transferred to a new entity without providing N+1 compensation. These changes affect the entire chip team, not just the AI chip business, and focus on superficially separating the team from ByteDance, with the team now operating under the shell of a Singaporean company. On September 4th, a ByteDance representative responded to reporters, stating that the rumors were false and that the core of ByteDance's chip business remained unchanged. The company's tenant was merely a change to Feishu, and that any over-interpretations of layoffs, independence, or a change in ownership were untrue.