Nvidia says it has 'largely conceded' China's AI chip market to Huawei
Nvidia CEO Jensen Huang said the company has 'largely conceded' China's AI accelerator market to Huawei after Washington's export curbs. The chipmaker, which previously held around 95% market share, said its share has now slipped below 50% as Beijing pushes domestic alternatives.
Nvidia Chief Executive Jensen Huang told CNBC that the company's position in China's artificial-intelligence chip market has deteriorated sharply since Washington's export restrictions took effect. Huang said the firm's share, once around 95%, has now fallen below 50%, with domestic supplier Huawei filling the gap.
US licence requirements on H100 and H20-class accelerators have steered Chinese buyers toward Huawei's Ascend line of AI processors. Huang argued the curbs are weakening US technology firms' global competitiveness, while the White House has framed the controls as a national-security measure.
Nvidia announced an additional $80 billion share buyback authorisation alongside its last earnings report, but limited Chinese revenue creates risks for the medium-term outlook. The company's capacity expansion with TSMC in Taiwan continues, but investors remain cautious about how quickly that growth can offset lost Chinese demand.
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