A report said on August 13 that China’s Huawei Technologies is readying a new chip for artificial intelligence use to challenge Nvidia.
Chinese internet companies and telecommunications operators have been testing Huawei’s latest processor, called Ascend 910C, in recent weeks, reported Wall Street Journal citing sources. Huawei told potential clients that the new chip is comparable to Nvidia’s H100, which was introduced last year, the report added.
"Companies including TikTok parent ByteDance, search-engine giant Baidu and state-owned telecommunications carrier China Mobile are in early discussions about obtaining the 910C," reported WSJ.
Initial negotiations between Huawei and potential customers indicate that orders are likely to surpass 70,000 chips, with a total value of around $2 billion. Huawei aims to start shipping as soon as October, sources told WSJ.
Aiming to impede supercomputing and AI breakthroughs that could benefit the Chinese military, the US imposed export controls on advanced chips and chipmaking equipment for China in 2022 and 2023, restricting shipments from California-based companies like Nvidia and Lam Research.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.