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Huawei Eyes $12 Billion in AI Chip Revenue as DeepSeek V4 Drives Orders Away From Nvidia

Summary by The Deep Dive
Huawei expects its AI chip revenue to climb 60% to roughly $12 billion in 2026, as Chinese tech giants flood the company with orders for its latest Ascend processors and US export restrictions push domestic demand toward homegrown alternatives. The Financial Times reported the projection, citing orders Huawei received following the release of DeepSeek V4 […]

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Brookings Institution researcher Chen Kaixin said that although DeepSeek's latest V4 model has not narrowed the United States' lead in the field of artificial intelligence, the move to adapt the model to Huawei's chips shows that Chinese artificial intelligence companies are accelerating the construction of their local ecosystem against the backdrop of increasingly tight US export controls.

What to remember: Huawei forecasts $12 billion in revenue on its IA chips in 2026, up 60% from the 7.5 billion in 2025. The Ascend 950PR processor, which entered mass production in March, captures most of the orders of Chinese tech giants, including DeepSeek. Nvidia has still delivered no H200 chips to China despite obtaining U.S. licenses, taken in stride between Washington and Beijing regulators. Huawei is about to become the first IA chip sup…

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chinamoneynetwork.com broke the news on Thursday, April 30, 2026.
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