Home / Technology / Huawei AI Chip Revenue to Soar 60% Amidst Chinese Demand
Huawei AI Chip Revenue to Soar 60% Amidst Chinese Demand
1 May
Summary
- Huawei anticipates a 60% revenue increase for AI chips this year.
- Chip revenue is projected to reach approximately $12 billion.
- Strong demand from Chinese companies fuels this significant growth.
Huawei is forecasting a substantial increase in its AI chip revenue, projecting a rise of at least 60% for the current year. This optimistic outlook is largely attributed to significant demand from domestic Chinese companies.
The tech giant anticipates its chip revenue to reach about $12 billion, a notable increase from the previous year's $7.5 billion. This projection is based on orders already received, indicating strong market interest.
Much of the current year's orders are for Huawei's recently launched Ascend 950PR processor, which began mass production in March. The company also plans to introduce an upgraded version of its 950DT model in the fourth quarter, further bolstering its product line-up.
