Source: Fox News
Summary
Huawei is expected to post a 60% jump in chip revenue this year, despite American export controls aimed at cutting the company off from advanced semiconductor technology. China directed state agencies to purchase hardware and software from Huawei and poured over $1 billion in government grants into the company. Huawei’s annual reports show a significant increase in government grants, coinciding with the emergence of the Ascend 910B chip, a cutting-edge technology designed to compete with Nvidia’s chips.
Our Reading
As expected, the matter has reached another stage.
The US imposed export controls on Huawei, but China responded by directing state agencies to purchase from the company and providing government grants. Huawei’s revenue is expected to jump 60% this year, with the emergence of the Ascend 910B chip. The company believes it can push the boundaries of existing technology with its “Tau scaling law” principle. Lawmakers argue that the export controls have succeeded in forcing China to offshore some production, but others debate the effectiveness of the controls.
Huawei’s annual reports show a significant increase in government grants, coinciding with the emergence of the Ascend 910B chip.
The export controls have inadvertently made Huawei stronger.
The US has accumulated roughly 75 percent of the world’s AI computing power.
Author: Evan Null
