Shell M&A Chief Exits After BP Takeover Proposal Rejected 
Apple Explores India for iPhone Chip Assembly as Manufacturing Push Accelerates 
Treasury Wine Estates Shares Plunge on Earnings Warning Amid U.S. and China Weakness 
MetaX IPO Soars as China’s AI Chip Stocks Ignite Investor Frenzy 
EssilorLuxottica Bets on AI-Powered Smart Glasses as Competition Intensifies 
Nvidia Weighs Expanding H200 AI Chip Production as China Demand Surges 
EU Court Cuts Intel Antitrust Fine to €237 Million Amid Long-Running AMD Dispute 
HSBC’s $13.6 Billion Take-Private Offer for Hang Seng Bank Gains Board Backing 
Coca-Cola’s Proposed Sale of Costa Coffee Faces Uncertainty Amid Price Dispute 
Intel’s Testing of China-Linked Chipmaking Tools Raises U.S. National Security Concerns 
California Jury Awards $40 Million in Johnson & Johnson Talc Cancer Lawsuit 
Blackstone Leads $400 Million Funding Round in Cyera at $9 Billion Valuation 
China Adds Domestic AI Chips to Government Procurement List as U.S. Considers Easing Nvidia Export Curbs 
FDA Says No Black Box Warning Planned for COVID-19 Vaccines Despite Safety Debate 
Strategy Retains Nasdaq 100 Spot Amid Growing Scrutiny of Bitcoin Treasury Model 
iRobot Files for Chapter 11 Bankruptcy Amid Rising Competition and Tariff Pressures 
Apple App Store Injunction Largely Upheld as Appeals Court Rules on Epic Games Case 
Huawei is challenging Nvidia's dominance in China’s AI chip sector with the upcoming release of its Ascend 910C, a formidable new player in a market where U.S. trade restrictions are already pressuring Nvidia.
Huawei Takes On Nvidia in China’s AI Chip Market
As long as Huawei is around, Nvidia will have a tough time retaining its dominance in the Chinese AI chip industry. The developer of the Ascend 910 appears to be prepared to compete with the American chipmaker with a powerful AI chipset after a little hiatus.
Per HuaweiCentral, rumor has it that Huawei is getting ready to take on Nvidia in the Chinese market with its Ascend 910C AI chip. This new product has been in the works for months at the corporation. It appears to be ready now, and it might enter the chipset battlefield as early as October.
With the US and China still at odds over chips, Huawei's new chip looks like a strike at Nvidia. Because of its low-end processors, the foreign chipset company is already having trouble in China. This might be made more worse by Huawei's planned system on a chip.
US Trade Restrictions Pressure Nvidia's Market Hold
As a result of U.S. trade restrictions, Nvidia is unable to sell its cutting-edge AI processors in China. Consequently, the business did tap the Chinese market for new chips, but those lacking in processing capacity failed to pique buyers' interest.
Maybe Huawei came up with a solution that could benefit Chinese firms in more than one way. First, it will lessen reliance on imported goods. Second, in comparison to the newly released Nvidia processors in China's consumer market, it is significantly more efficient and dependable.
An improved version of the Ascend 910B is the Ascend 910C. The chipset was tested on the Chinese internet and by a few carriers. It seemed from the results that the new AI processor from Huawei can easily equal the performance of the Nvidia H100 under different scenarios.
Ascend 910C Orders Surge to $2 Billion Ahead of Launch
It is anticipated that the Ascend 910C would be shipped by the Chinese OEM by October of this year. Customers such as ByteDance, Baidu, and China Mobile have already placed orders for more than 70,000 units of the chipset prior to its introduction. This order is valued at $2 billion.
