Huawei is set to capture the largest share of China’s AI chip market this year, with sales jumping by at least 60 per cent amid strong demand from Chinese companies seeking domestic alternatives to Nvidia.
China’s tech groups have placed large orders for Huawei’s latest Ascend processor 950PR, according to two people with knowledge of the matter, as the Shenzhen-based company races to make inroads into a sector long dominated by the $5.1tn US chip group.
Huawei expects revenues from its AI chips to reach about $12bn this year based on orders it has already received, up from $7.5bn in 2025. The majority of orders this year are for 950PR, which entered mass production in March. It also plans to launch an upgraded version of 950DT in the fourth quarter, the people said.