Momentum in China’s tech sector has continued. This year, some of the country’s big tech firms have made it clear that they aim to take on Nvidia and become the main advanced chip suppliers for local companies.
In September, Chinese state media said a new chip announced by Alibaba can match the performance of Nvidia’s H20 semiconductors while using less energy. H20s are scaled-down processors made for the Chinese market under US export rules.
Huawei also unveiled what it said were its most powerful chips ever, along with a three-year plan to challenge Nvidia’s dominance of the AI market.
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