Huawei Projects $12B AI Chip Revenue in 2026, Up 60% as Nvidia Stalls in China
Huawei projects AI chip revenue of approximately $12 billion for 2026, up 60% from $7.5 billion in 2025. The growth is driven by a surge in orders for the Ascend 950PR chip, which Chinese AI companies and hyperscalers are adopting to replace NVIDIA products subject to US export controls. NVIDIA's China market share is simultaneously contracting as Huawei fills the vacuum.
Why It Matters
Huawei's 60% revenue growth in AI chips illustrates how export controls are accelerating China's domestic AI hardware stack rather than slowing deployment—the China AI chip market is bifurcating into parallel supply chains with no near-term convergence.