BEIJING – Despite US restrictions on Chinese telecom companies, chip giant Nvidia has flagged growing competition with Huawei.
In its annual submission on Wednesday, Nvidia listed Huawei among its current competitors. This is included in the list for the second year in a row. The US blacklisted for national security reasons, the company has not been a feature among Nvidia’s competitors for at least three years.
Nvidia has listed Huawei as a competitor in four categories, including chips, cloud services, computing processing, and networking products.
“There’s a lot of competition in China,” Nvidia CEO Jensen Huang told CNBC’s Jon Fortt on Wednesday.
“Other company, Huawei… is very active, very, very competitive,” Huang said.
Since 2019, the US has limited Huawei’s ability to access technology from American suppliers, from advanced 5G chips to Google’s Android operating system.
Huawei’s revenue exceeded 860 billion yuan ($1182.7 billion) in 2024, with revenues rising 22% since 2023 and the fastest growth rate since 32% in 2016. Huawei usually publishes its annual report in March.
The company’s revenues grew barely in 2020, falling sharply in 2021. The consumer segment was hit hard, with revenue rising 17% to 251.5 billion yuan in 2023.
Telecommunications companies began to make a comeback in the smartphone market in 2023 with the release of the Mate 60 Pro in China. The review provided a device that provides download speeds associated with 5G thanks to advanced semiconductor chips.
Just a year later, Huawei launched its Mate 70 smartphone series, which uses the company’s first fully developed operating system, Harmonyos Next.
