Chinese Tech Firms Increase Demand for Huawei AI Chips Following DeepSeek V4 Launch

Major Chinese tech firms, including ByteDance, Tencent, and Alibaba, are rushing to secure Huawei's Ascend 950 AI chips following the launch of DeepSeek V4. The surge in demand highlights the growing reliance on domestic AI hardware amid U.S. export restrictions. Huawei's 950PR chip is outperforming Nvidia's H20 but still lags behind the more advanced H200, which faces regulatory hurdles.

By Reuters Wed, April 29, 2026 at 9:36 AM GMT+3 4 min read · Yahoo Finance · April 29, 2026, 06:36 UTC

Tickers: $BABA $NVDA

Topics: AI chips Chinese tech firms DeepSeek V4 Huawei Nvidia U.S. export controls

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