Nvidia has highlighted increasing competition from China’s Huawei, even amid ongoing U.S. sanctions against the telecom giant.
In its annual filing, Nvidia listed Huawei as one of its current competitors, marking the second consecutive year it has included the company.
This is a notable shift, as Huawei was not considered a competitor for at least three years prior.
Nvidia CEO Jensen Huang acknowledged the tough competition, especially in China, stating, “Huawei, other companies, are quite vigorous and very, very competitive.” He made these comments in an interview with CNBC on Wednesday.
The U.S. government has imposed restrictions on Huawei since 2019, blocking the company from accessing American technology, including advanced 5G chips and Google’s Android system.
Despite these limitations, Huawei has managed to make significant strides in revenue. In 2024, the company reported a 22% increase in revenue, surpassing 860 billion yuan ($118.27 billion), marking its fastest growth since 2016.
Huawei has also seen a revival in its smartphone market. After struggling with a decline in revenue in 2020 and 2021, the company made a strong comeback in 2023 with the launch of the Mate 60 Pro, which features a chip that supports 5G download speeds.
Huawei further strengthened its position with the release of the Mate 70 series, running on its own operating system, HarmonyOS NEXT.
