Nvidia Faces Setback As China’s Tech Giant To Launch AI Chip

China’s tech giant Huawei has again intensified its rivalry with Nvidia, revealing plans to introduce a new AI chip in the coming months. The Asian tech giant is close to revealing its all-new Ascend 910C AI chip. Following AI-chip trade restrictions and business sanctions imposed by the United States on China, Chinese companies are shifting to the new AI chip.

China’s Huawei To Unveil New AI Chip Rivaling Nvidia

Huawei is all set to reveal its Ascend 910C AI chip shortly ahead, the WSJ reported today, August 13. It added that Chinese internet and telecom companies are currently testing the latest AI chip in an effort to revolutionize user experience.

Besides, the Shenzhen-based tech giant appears to have boasted its new AI chip capabilities to potential customers, claiming it to be on par with Nvidia’s H100. However, it’s also worth noting that the American AI giant currently overshadows the Chinese tech company in the global AI industry. This is attributable to the setbacks faced by Chinese firm post-AI chip trade restrictions and business sanctions imposed by the U.S.

Earlier this year, the U.S. also revoked licenses that permitted tech giants such as Intel and Qualcomm to supply Huawei with chips used for laptops and handsets. Nevertheless, the upcoming Ascend 910C AI chip is expected to be a potential game changer for the Chinese tech company.

The American tech giant has already marked a landmark, capitalizing on the market with a whopping $2.68 trillion valuation. Intriguingly, recent reports further claim that Jensen Huang-led Nvidia is expected to deliver more than one million units of its new H20 chips to Chinese customers. This is attributable to strategically designed chips that bypass U.S. restrictions on selling AI processors to China.

On the other hand, the CEO’s recent remarks amid the ongoing U.S. presidential elections have sparked further discussions nationwide.

Jensen Huang Calls For Debate Between Trump & Harris

Jensen Huang, the CEO of Nvidia, recently took to X, stating, “Happy to hold debate between Donald Trump and Kamala Harris with focus AI.” Further, he added, “I am impartial unlike Elon Musk,” in the wake of the recent Trump interview.

Additionally, it’s worth mentioning that the Tesla and SpaceX CEO also invited Kamala Harris, the Democratic presidential candidate, for an interview on X spaces. This follows the recent Trump interview, sparking discussions across the U.S. amid the ongoing presidential elections.

Also, it’s worth noting that the NVDA stock price rested at $114.23 today, a 4.78% increase, per Nasdaq data.