In a bold move that could reshape the semiconductor landscape, Huawei Technologies is poised to test its latest, most potent AI chip, the Ascend 910D. The initiative, reported by the Wall Street Journal on Sunday, aims to evaluate whether this new processor can outperform some of the high-performance products currently dominated by American giant Nvidia $NVDA.
Huawei Technologies continues to capture the attention of financial markets and technology experts with its unconventional maneuvers amid intensified global competition and shifting consumer demands. Recently, the company announced that its net profit in 2024 fell by over a quarter compared to the previous year. The net profit declined by 28% to 62.6 billion yuan (approximately USD 8.63 billion), largely due to substantial investments in research and development amounting to 179.7 billion yuan – nearly 20% of total revenue. Previously, the revenue boost driven by the success of its Honor smartphones set a positive tone, but the new figures reveal a strategic pivot.
The latest financial results from Huawei Technologies Co. have caught the attention of investors and analysts worldwide. For the first time in many years, the company has reported a quarterly net loss, reflecting a slowdown in overall business alongside significant investments in research and development across various sectors, including electric vehicles and semiconductors.
