BEIJING — Chip big Nvidia has flagged heightened competitors from Huawei, regardless of U.S. restrictions on the Chinese language telecommunications firm.
In an annual submitting Wednesday, Nvidia listed Huawei amongst its present opponents, together with it within the listing for a second straight 12 months. The corporate, blacklisted by the U.S. for nationwide safety causes, didn’t function amongst Nvidia’s opponents for not less than three prior years.
Nvidia listed Huawei amongst its opponents in 4 of 5 classes, together with chips, cloud companies, computing processing and networking merchandise.
“There is a truthful quantity of competitors in China,” Nvidia CEO Jensen Huang advised CNBC’s Jon Fortt Wednesday.
“Huawei, different corporations, are … fairly vigorous and really, very aggressive,” Huang mentioned.
Since 2019, the U.S. has restricted Huawei’s capacity to entry expertise from American suppliers, from superior 5G chips to Google’s Android working system.
Huawei’s income exceeded 860 billion yuan ($118.27 billion) in 2024, state media reported, a 22% soar in income from 2023, and the quickest development since a 32% enhance in 2016, in accordance with CNBC calculations of publicly launched figures. Huawei usually publishes its annual studies in March.
The corporate’s income barely grew in 2020, and plunged by almost 29% in 2021. Its client phase was hit laborious, and whilst income rose 17% 12 months on 12 months to 251.5 billion yuan in 2023, it was simply over half of what the unit generated at its peak in 2020.
The telecommunications firm began to make a comeback within the smartphone market in 2023 with the discharge of its Mate 60 Professional in China. Critiques indicated the system presents obtain speeds related to 5G — due to a sophisticated semiconductor chip.
Simply over a 12 months later, Huawei launched the Mate 70 smartphone collection that makes use of the corporate’s first absolutely self-developed working system, HarmonyOS NEXT.
