Despite US sanctions, Nvidia acknowledges Huawei's rivalry in chips, cloud services, computing processing, and networking products in its annual report.

Huawei's in-house AI chip, the Ascend 910C will reportedly see an increase in production numbers this year. The NVIDIA Hopper H100 rival is projecting a

Huawei has boosted the yield rate of its latest Ascend series AI chips from 20% to nearly 40% over the past year. This marks the first time the production line has turned a profit for the Chinese tech giant.

Huawei has boosted yield of AI chips to 40%, becoming profitable for the first time. It aims to reach 60% yield, while facing competition from Nvidia.