Nvidia warns of growing competition from China's Huawei, despite U.S. sanctions
U.S. chip giant Nvidia is increasingly warning investors about competition from Huawei, despite U.S. restrictions on the Chinese telecommunications company.
BEIJING — Chip giant Nvidia has flagged heightened competition from Huawei, despite U.S. restrictions on the Chinese telecommunications company.
In an annual filing Wednesday, Nvidia listed Huawei among its current competitors, including it in the list for a second straight year. The company, blacklisted by the U.S. for national security reasons, did not feature among Nvidia's competitors for at least three prior years.
Nvidia listed Huawei among its competitors in four of five categories, including chips, cloud services, computing processing and networking products.
"There's a fair amount of competition in China," Nvidia CEO Jensen Huang told CNBC's Jon Fortt Wednesday.
"Huawei, other companies, are ... quite vigorous and very, very competitive," Huang said.
Since 2019, the U.S. has restricted Huawei's ability to access technology from American suppliers, from advanced 5G chips to Google's Android operating system.
Huawei's revenue exceeded 860 billion yuan ($118.27 billion) in 2024, state media reported, a 22% jump in revenue from 2023, and the fastest growth since a 32% increase in 2016, according to CNBC calculations of publicly released figures. Huawei typically publishes its annual reports in March.
Even with all the restrictions Huawei is able to still. Make Nvidia nervous 🤔. Tech competition at its finest. At this rate, we might see Huawei GPUs running AI before we know it, but anything can happen, Elon is also there though