Huawei Technologies is leading a group of Chinese semiconductor companies seeking breakthroughs that could help China develop home-grown alternatives to Nvidia’s cutting-edge artificial intelligence chips, according to The Information’s Qianer Liu and Scott Thurm, citing sources. The Huawei-led consortium, backed by funding from the Chinese government, aims to produce high-bandwidth memory chips, which are a crucial component in advanced graphic processing units, by 2026, two people close to the company reportedly said.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NVDA:
- M&A News: Nvidia (NASDAQ:NVDA) to Acquire 2 Israeli AI Startups
- AMZN, NVDA, or PLTR: Which Tech Stock is the Most Attractive AI Pick?
- Nvidia and AMD: Evercore Selects the Best AI Stocks to Buy
- Notable open interest changes for April 23rd
- Chinese Entities Access Nvidia Chips, While SoftBank Boosts Investment in AI
