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China Considers Selling TikTok US Operations to Elon Musk: Bloomberg

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Chinese officials are reportedly exploring the possibility of selling TikTok’s U.S. operations to billionaire Elon Musk if the app cannot avoid a looming ban, Bloomberg News reported on Monday. This consideration comes amid increasing pressure from the U.S. government to address national security concerns surrounding TikTok’s Chinese ownership.

Beijing’s Preference and Control

According to sources cited in the Bloomberg report, Chinese officials prefer that TikTok remains under the ownership of its parent company, ByteDance. However, they are weighing alternatives as the January 19 deadline for divestiture or a ban draws near. These alternatives could involve either a competitive sale process or a government-arranged transaction, indicating that ByteDance may no longer have full control over TikTok’s future.

China holds a “golden share” in ByteDance, a stake that some U.S. lawmakers argue grants Beijing influence over TikTok. ByteDance, however, has previously denied that this ownership affects its global operations outside of China, including TikTok.

Potential Deal with Musk

One scenario reportedly under discussion would involve Musk’s social media platform, X, taking control of TikTok’s U.S. operations and running the business jointly. Despite these preliminary talks, there is no consensus among Chinese officials on how to proceed, Bloomberg noted. It is also unclear whether ByteDance, Musk, or TikTok have been directly involved in any discussions.

A TikTok spokesperson dismissed the Bloomberg report, stating, “We can’t be expected to comment on pure fiction.” ByteDance and Musk have not commented on the matter, and China’s Cyberspace Administration and Ministry of Commerce have yet to respond to inquiries.

U.S. Government Pressure

Last week, the U.S. Supreme Court appeared likely to uphold a law requiring ByteDance to sell TikTok’s U.S. operations or face a ban. The deadline for compliance is January 19, driven by concerns over potential national security risks posed by China’s influence on the app. The situation has placed TikTok’s future in the U.S. under intense scrutiny.

What’s Next?

While discussions remain speculative, the potential involvement of Elon Musk adds an intriguing layer to TikTok’s uncertain future. With the deadline looming, any developments—whether through a sale or a ban—are expected to have significant implications for the app’s 170 million U.S. users and the broader tech landscape.

 

US Lawmakers Push Biden to Extend TikTok Ban Deadline

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Two Democratic lawmakers on Monday urged Congress and President Joe Biden to extend the January 19 deadline for China-based ByteDance to divest TikTok’s U.S. assets or face a nationwide ban. With TikTok’s fate hanging in the balance, both lawmakers emphasized the social, cultural, and economic consequences of banning the app, which is used by 170 million Americans.

Legal and Legislative Challenges

The Supreme Court recently heard arguments regarding TikTok and ByteDance’s challenge to the law mandating the divestiture. Noel Francisco, a lawyer representing the companies, stated that completing a sale by the current deadline is “impossible.” He added that a ban would cause TikTok to go offline almost immediately, effectively shutting down the platform.

President Biden has the authority to extend the deadline by 90 days if he certifies that ByteDance is making meaningful progress toward divestiture. However, the likelihood of ByteDance meeting such standards within the timeframe remains low.

Legislative Proposals to Delay the Deadline

Senator Edward Markey announced his intention to introduce legislation to extend the deadline by an additional 270 days, citing the unique role TikTok plays in fostering social connections and economic opportunities. “A ban would dismantle a one-of-a-kind informational and cultural ecosystem, silencing millions in the process,” Markey said. He also warned that millions of Americans who rely on TikTok for their livelihood would face significant consequences.

Representative Ro Khanna echoed these concerns, urging both Biden and President-elect Donald Trump to delay the ban. “We cannot let 170 million Americans lose their free speech and economic opportunities overnight,” Khanna said.

Potential Impacts of the Ban

If the Supreme Court does not intervene by January 19, new downloads of TikTok on Apple and Google app stores will be prohibited. While existing users may retain access temporarily, the app’s functionality will degrade over time as U.S. companies will no longer be allowed to provide support. Ultimately, services will cease entirely.

President-elect Trump has also expressed interest in delaying the ban, requesting the court to postpone its implementation until after his inauguration on January 20. Trump argued that additional time is needed to seek a “political resolution” to the issue.

Next Steps

As the deadline approaches, the White House has not issued a statement on the lawmakers’ requests or its plans for TikTok. The situation remains uncertain, with the fate of the app potentially hinging on legislative action or further court rulings.

 

Taiwan’s Exclusion from US AI Export Curbs Seen as a Vote of Confidence

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Taiwan’s government expressed confidence on Wednesday after being excluded from the new U.S. restrictions on artificial intelligence (AI) chip and technology exports. The U.S. recently announced tighter controls on AI exports, aiming to maintain dominance in advanced computing technologies within the United States and among its allies.

Details of the New U.S. Export Curbs

The new U.S. regulations, introduced on Monday, limit the export of AI chips to most countries, while maintaining a block on exports to adversarial states such as China, Russia, Iran, and North Korea. However, Taiwan, along with other close U.S. allies, was granted “tier one” status, allowing unlimited access to U.S. AI technology.

Taiwan’s Confidence in Compliance

Taiwan’s Economy Ministry highlighted that the inclusion of the island in the “tier one” category should reassure both local and international stakeholders about the government’s control and adherence to international laws. The ministry emphasized that Taiwan had consistently invited U.S. officials and industry professionals to collaborate with local companies to ensure understanding and compliance with relevant regulations.

Taiwan’s Role in the Global Semiconductor Supply Chain

Taiwan is home to Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest contract chipmaker and a key supplier of chips for AI leaders such as Nvidia. The Taiwanese government, mindful of pressure from Beijing—who claims the island as its territory—has established stringent export controls to China and has pledged to enforce U.S. restrictions. In 2023, TSMC halted shipments to the Chinese company Sophgo after one of its chips was found in a Huawei AI processor, which violated U.S. sanctions.

U.S.-China Tensions and Taiwan’s Strategic Position

As tensions continue between the U.S. and China, particularly over AI technologies and national security concerns, Taiwan’s role in the semiconductor supply chain becomes increasingly critical. The island’s exclusion from the U.S. export restrictions reflects its strategic importance and the trust placed in it by the U.S. and other Western nations.