Huawei 'has got China covered' if the U.S. doesn't participate, Nvidia CEO tells CNBC

In light of ongoing AI semiconductor restrictions imposed by the United States, Huawei is poised to strengthen its foothold in China's vast market. Nvidia's CEO, Jensen Huang, shared his insights during an interview with CNBC at the Viva Technology conference in Paris, stating, "Our technology is a generation ahead of theirs." Huang cautioned that if the U.S. opts out of engaging with China, Huawei will effectively fill the gap, indicating, "Huawei has got China covered, and Huawei has got everybody else covered." As the U.S. continues to enforce export restrictions that limit Chinese companies' access to advanced semiconductors vital for AI development, Beijing is increasingly investing in domestic players like Huawei. This strategic focus aims to cultivate a robust AI chip ecosystem within the country. Despite this optimism, Huawei's CEO, Ren Zhengfei, acknowledged in a recent interview with the People's Daily that the company still lags behind its American counterparts. He remarked, "The United States has exaggerated Huawei's achievements. Huawei is not that great. We have to work hard to reach their evaluation," as reported by Reuters. As this situation evolves, further updates on Huawei's performance and the broader implications of U.S. restrictions are anticipated.