DIRS.INFO The most relevant business & tech news

REUTERS/Mike Segar/File Photo Acquire Licensing RightsBEIJING, Nov 23 (Reuters) - Apple (AAPL.O) saw a decline in the number of smartphones sold during China's recent Singles Day shopping festival, data from Counterpoint Research showed, lagging domestic rivals Huawei and Xiaomi which recorded robust increases. The number of Apple smartphones sold declined 4% year-on-year during the two-week sales from Oct. 30 to Nov. 12, the research consultancy said on Thursday. In comparison, the number of units sold by Huawei (HWT.UL) and Xiaomi (1810.HK) grew 66% and 28% respectively year-on-year over the same period. The increases for Huawei and Xiaomi helped fuel a 5% year-over-year rise in the overall number of Chinese smartphones sold during the promotion period, it said. ($1 = 7.2111 Chinese yuan renminbi)Reporting by Yelin Mo and Brenda Goh; editing by Miral FahmyOur Standards: The Thomson Reuters Trust Principles.

Persons: Mike Segar, China's, JD.com, Xiaomi, Lei Jun, Ivan Lam, Yelin Mo, Brenda Goh, Miral Organizations: Apple Inc, Apple, REUTERS, Rights, Counterpoint Research, Huawei, HK, IDC, Thomson Locations: Manhattan , New York, U.S, Rights BEIJING, China, United States

☆ CNBC Daily Open: Back to square one?
▼ + stars: | 2023-11-23 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Traders work on the floor of the New York Stock Exchange (NYSE) on November 15, 2023 in New York City. This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. There's also a board reshuffle, with Bret Taylor, former co-CEO of Salesforce and Larry Summers, former U.S. Treasury secretary, joining. Separately, OpenAI researchers reportedly warned the board of an AI breakthrough ahead of Altman's ouster.

Persons: Treasurys, Australia's, Sam Altman, There's, Bret Taylor, Larry Summers, Nansen, hasn't, Changpeng Zhao, Morgan Stanley Organizations: New York Stock Exchange, CNBC, Nikkei, U.S, Treasury, Counterpoint Research Locations: New York City, U.S, Asia, Pacific, Middle East, Africa, China, India

☆ Global smartphone sales rebound in October after declining for more than 2 years: Counterpoint
▼ + stars: | 2023-11-23 | by ( Sheila Chiang | ) www.cnbc.com time to read: +1 min

Global smartphone sales rose in October after declining for 27 straight months on a year-on-year basis, led by a recovery in emerging markets, data from Counterpoint Research showed. October also recorded the highest monthly smartphone sales since January 2022, the report said. The launch of Apple's iPhone 15 series in late September also helped bolster smartphone sales. "As compared to last year, the launch was delayed by a week which meant the full effect of the new iPhone sales was felt in October," said Counterpoint Research. Global smartphone sales have been impacted by component shortages, inventory build-up and longer replacement cycles.

Persons: Tim Cook Organizations: Apple, Global, Counterpoint Research, Huawei, Research Locations: Cupertino , California, Middle East, Africa, China, India

☆ Huawei's smartphone spinoff Honor plans IPO
▼ + stars: | 2023-11-22 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

The Honor Magic Vs is on display at Honor's stand at the Mobile World Congress in Barcelona. "In order to meet new strategic goals, Honor will continue to optimize its shareholding structure, attract diversified capital, and enter into the capital market through IPO (initial public offering)," the company said in a statement. Honor, a spinoff of Chinese technology giant Huawei, said on Wednesday it is planning to go public. Under Huawei, Honor was a midpriced brand that found success in a handful of markets. But the company wants to push into the premium tier of the smartphone market where the likes of Apple and Samsung play.

Organizations: Mobile, Huawei, Apple, Samsung, CNBC PRO Locations: Barcelona, Shenzhen, China

☆ Ex-Huawei handset maker Honor prepares IPO
▼ + stars: | 2023-11-22 | by ( ) www.reuters.com time to read: +1 min

People walk near a sign for Honor Magic Vs phone, during the GSMA's 2023 Mobile World Congress (MWC) in Barcelona, Spain March 1, 2023. REUTERS/Nacho Doce/File Photo Acquire Licensing RightsSHENZHEN, China, Nov 22 (Reuters) - Handset maker Honor is preparing for an initial public offering, the company said on Wednesday, three years after it was sold by U.S. sanctions-hit Huawei Technologies. Honor was first in terms of handset shipments in China in the third quarter with 11.8 million units sold, and was the second biggest seller last year, research firm Canalys said. Huawei sold Honor to a consortium of more than 30 agents and dealers in November 2020 after the U.S restricted its access to technology essential to its handset business. Reporting by David Kirton Editing by Louise Heavens, Alexander Smith and Frances KerryOur Standards: The Thomson Reuters Trust Principles.

Persons: Magic, Nacho, Canalys, David Kirton, Louise Heavens, Alexander Smith, Frances Kerry Organizations: Congress, REUTERS, Rights, U.S, Huawei Technologies, Huawei, Counterpoint Research, Thomson Locations: Barcelona, Spain, Rights SHENZHEN, China, Europe, U.S, Washington

☆ Global smartphone market sees growth after over 2 years in October - Counterpoint
▼ + stars: | 2023-11-22 | by ( ) www.reuters.com time to read: +1 min

A smartphone is seen on a selfie stick in Manhattan, in New York City, New York U.S., February 11, 2022. REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsNov 21 (Reuters) - The global smartphone market returned to growth in October after more than two years of slump, helped by a recovery in the emerging markets, according to data from Counterpoint Research. The data showed that global monthly smartphone sell-through volumes grew 5%, making October the first month to record year-on-year growth since June 2021, breaking the streak of 27 consecutive months of negative year-on-year growth. The global smartphone sales have been under stress for last two years affected by various issues starting with component shortages, inventory build-up and lengthening of replacement cycles, Counterpoint said in its report. "Following strong growth in October, we expect the market to grow year-on-year in the fourth quarter of 2023 as well, setting the market on the path to gradual recovery in the coming quarters," the market research firm said.

Persons: Andrew Kelly, Baranjot Kaur, Rashmi Organizations: New York City , New York U.S, REUTERS, Counterpoint Research, Thomson Locations: Manhattan, New York City , New York, East, Africa, China, India, Bengaluru

A smartphone with a displayed NVIDIA logo is placed on a computer motherboard in this illustration taken March 6, 2023. But the red-hot market for AI chips is playing out in the context of vastly expanded U.S. export controls on what Nvidia can sell to China. Jacob Bourne, analyst at Insider Intelligence, said that those China-focused chips could consume vital research resources at Nvidia for products that could end up banned just like its first round of China market chips. Rival Advanced Micro Devices (AMD.O) had earlier touted the quantity of high-bandwidth memory on one of its competing AI chips. Chinese tech company Huawei's (HWT.UL) AI chip is also gaining traction from local firms as U.S. pressure makes it hard to access Nvidia chips.

Persons: Dado Ruvic, Nvidia, Jesse Cohen, Colette Kress, Jacob Bourne, Bourne, Chavi Mehta, Max A, Stephen Nellis, Arun Koyyur, Sayantani Ghosh, Matthew Lewis Organizations: NVIDIA, REUTERS, Wall, Nvidia, LSEG, Insider Intelligence, Devices, Google, Microsoft, San, Thomson Locations: China, Israel, Gaza, United States, Bengaluru, Max, San Francisco

Revenue for the quarter ended Sept. 30 was 34.45 billion yuan ($4.72 billion), compared with analysts' estimates of 34.33 billion yuan, according to LSEG data. Baidu has in recent years focused increasingly on AI, creating a self-driving vehicle and investing heavily in generative AI, which is capable of creating text, images and other media. Baidu's Chief Financial Officer Rong Luo said the firm will continue to prioritise AI investments, especially in generative AI and foundation models, to power its growth. Baidu's online marketing revenue rose 5% in the third quarter to 19.7 billion yuan. During the quarter, Baidu reported adjusted net income of 7.27 billion yuan, up 23% from 5.89 billion yuan for the same period last year.

Persons: Tingshu Wang, Ernie, Rong Luo, Luo, Alibaba, Yuvraj Malik, Varun H, Miral Fahmy, Sharon Singleton Organizations: Baidu, REUTERS, HK, Tuesday, International Monetary Fund, Nvidia, Reuters, Huawei, Thomson Locations: Beijing, China, Washington, Bengaluru, Yelin Mo

☆ Apple Had Better Watch Its Back in China
▼ + stars: | 2023-11-20 | by ( Jacky Wong | ) www.wsj.com time to read: 1 min

Xiaomi is making a renewed push in the premium segment. Photo: Cfoto/Zuma PressSignals are finally getting stronger for the global smartphone market. Chinese handset makers like Huawei, which had been locked out of the race by U.S. sanctions, are dialing back in. That adds up to a tricky outlook for Apple in China, its second-largest revenue region after North America. Huawei’s Chinese rival Xiaomi , which reported third-quarter results Monday, is also making a renewed push in the premium segment— Apple ’s bread and butter.

Organizations: Zuma Press Signals, Huawei, Apple Locations: China, North America

☆ Why investors should be skeptical of reports Apple is faltering in China
▼ + stars: | 2023-11-20 | by ( Jeff Marks | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer holds a Morning Meeting livestream at 10:20 a.m. Microsoft, which owns a roughly 49% stake in OpenAI, is the big winner here, according to Jim Cramer. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, It's, OpenAI, Sam Altman, Wells Fargo, Jim Cramer's, Jim Organizations: CNBC, Treasury, of, Petroleum, West Texas, Apple, Starbucks, Street Journal, Huawei, Club, Microsoft Locations: U.S, China, OpenAI

☆ Huawei is giving Apple stiff competition in China. Suppliers to watch
▼ + stars: | 2023-11-19 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

Chinese smartphone companies like Huawei are rebounding in their home market, giving a boost to domestic suppliers — and increasing the pressure on Apple . Huawei smartphone sales surged by 83% in October from a year ago, Counterpoint Research said in a note Tuesday. Honor, a Huawei spin-off, saw sales climb by 10%, while Xiaomi smartphone sales rose by 33%, the report said. The report did not break out Apple sales, only saying a broad category of "others" saw October smartphone sales drop by 12% from a year ago. For context, Shanghai-based CINNO Research expects a 2% decline in Apple iPhone sales in China this year to 45.5 million units.

Persons: Morgan Stanley, Xi Jinping, Joe Biden, Raymond James, Biden, Nomura, Lihexing, CNBC's Michael Bloom Organizations: Huawei, Apple, D.C, Telecommunications, 5G, Research, Guangdong Topstar Technology, Xiaomi, Industrial Locations: China, Washington, U.S, Shenzhen, EVs, Shanghai, Guangdong, Topstar

☆ Tencent says it stockpiled Nvidia AI chips but seeks Chinese replacements
▼ + stars: | 2023-11-16 | by ( Michelle Toh | ) edition.cnn.com time to read: +4 min

Hong Kong CNN —Tencent rushed to build up “one of the largest inventories of AI chips in China” before US export restrictions took hold, an executive said Wednesday. It is one of the chipmaker’s advanced AI chips designed for use in data centers, the physical facilities used to store troves of electronic information. In late October, Nvidia disclosed that the just-announced restrictions had come into effect “immediately,” weeks earlier than scheduled. “Going forward, we will have to figure out ways to make … the usage of our AI chips more efficient,” namely by working to retain most of the company’s high-performance chips for training the model, he added. The bot was developed specifically for corporate users, allowing them to catch up on meetings by viewing automated summaries or put together documents more efficiently, Lau told analysts.

Persons: Hong Kong CNN — Tencent, Martin Lau, ”, ” Lau, Tencent, “, Biden, Kai, Fu Lee, Lau Organizations: Hong Kong CNN, Nvidia, Bloomberg, Sinovation Ventures, Huawei, Center for Strategic, International Studies, Semiconductor Manufacturing International Corporation Locations: China, Hong Kong, China ”, United States, Beijing, Washington, Shenzhen

☆ China launches world’s fastest internet network
▼ + stars: | 2023-11-15 | by ( Samantha Kelly | ) edition.cnn.com time to read: +3 min

CNN —China has started to roll out what it’s calling the world’s most advanced internet network, which promises to operate several times faster than current networks. But a more robust, faster internet service has broad implications for businesses, faster information transfers, stock trading advantages and other national security implications. A backbone network is network infrastructure that moves internet traffic to different geographic locations, and can support hungry-data transfers from technologies such as 5G and electric vehicles. The new network runs on 1,800 miles of optic fiber cables between Beijing and the south, according to a translated press release. Jinping previously said the development of the backbone network will establish the country as “a cyber power” and “accelerate the promotion of core Internet technologies,” the press release said.

Persons: Biden, Xi Jinping, Jinping, Wu Jianping, Brian Fung, Juliana Liu, Wayne Chang Organizations: CNN, Huawei, China Mobile, Beijing’s Tsinghua University, Cernet, Tsinghua University Locations: China, Beijing, San Francisco

☆ Tencent to seek domestic AI training chip supplies after latest US curbs
▼ + stars: | 2023-11-15 | by ( Josh Ye | ) www.reuters.com time to read: +3 min

"We will have to figure out ways to make the usage of our AI chips more efficient," he said, "And we will also try to look for domestic source for these training chips." Lau's comments come as Chinese companies with AI ambitions are scrambling to cope with the United States' ever-expanding AI chip export restrictions to China. But now a growing number of Chinese tech firms are turning to homegrown chipmakers like Huawei Technologies [RIC:RIC:HWT.UL] for AI chip supply. As such, the new chip curbs will not affect the development of Tencent's AI capability in the near term. The Nvidia H800 chips were AI chips Nvidia developed specifically for China late last year in response to an earlier US curb on AI chips to China.

Persons: Aly, Martin Lau, Baidu, Lau, Tencent, We'll, Josh Ye, Toby Chopra, Jane Merriman Organizations: Artificial Intelligence, REUTERS, Tencent Holdings, HK, Nvidia, Huawei Technologies, Reuters, Thomson Locations: Shanghai, China, HONG KONG, United States

☆ Tencent says has Nvidia AI chip stockpile but seeking to buy domestic
▼ + stars: | 2023-11-15 | by ( Josh Ye | ) www.reuters.com time to read: +3 min

Tencent has enough Nvidia chips to continue development of its "Hunyuan" AI model "for at least a couple more generations", so the curbs will not affect near-term AI capability, Lau said. "We will have to figure out ways to make the usage of our AI chips more efficient," he said. "And we will also try to look for domestic sources for these training chips." "We feel that the chip ban does actually affect our ability to resell (use of) these AI chips through our cloud services," he said. Nvidia plans to market new China-bound AI chips, with an announcement on Nov. 16 at the earliest, industry newsletter SemiAnalysis reported last week.

Persons: Aly, Martin Lau, Lau, We'll, SemiAnalysis, Josh Ye, Jane Merriman, Christopher Cushing Organizations: Artificial Intelligence, REUTERS, Tencent Holdings, HK, Nvidia, Huawei Technologies, Reuters, Baidu, Huawei, Thomson Locations: Shanghai, China, HONG KONG, U.S

☆ Apple supplier Foxconn posts surprise 11% jump in third-quarter profit
▼ + stars: | 2023-11-14 | by ( Sheila Chiang | ) www.cnbc.com time to read: +3 min

Ceng Shou Yi | Nurphoto | Getty ImagesApple iPhone supplier Foxconn, officially known as Hon Hai, on Tuesday reported third-quarter profit rose 11.27% from a year ago, beating analysts' expectations despite an ongoing consumer electronics slump. Foxconn reported a NT$38.75 billion net profit in the same period a year ago. watch now"Volumes declined year-on-year largely due to slower than expected recovery in consumer demand. Research firm Canalys said last week that the global smartphone market is seeing a slowdown in its decline. The ongoing electronics slump has badly impacted the global smartphone market.

Persons: Hai Group's, Ceng Shou Yi, Hai, Foxconn, Canalys, Amber Liu, Liu Organizations: Getty, Apple, Hai Technology Group, Counterpoint Research, Research, Huawei Locations: Taipei, Taiwan, Mainland China

BEIJING, Nov 14 (Reuters) - Strong sales growth at Huawei (HWT.UL) helped power an 11% rise in China's total smartphone shipments in October, data from research firm Counterpoint showed on Tuesday, indicating signs of recovery in its lagging mobile market. Huawei was a major contributor to the average year-on-year growth in the first four weeks of October, with its sales surging 83%, a note from the firm showed. According to the Counterpoint data, Xiaomi (1810.HK) also saw a 33% increase in smartphone sales in October. China's smartphone market has seen sales fall over several quarters, with a 3% drop in the quarter ending June, according to Counterpoint. Analysts expect the market may be poised for a rebound, with research firm IDC predicting unspecified year-on-year sales growth in the fourth quarter after ten consecutive quarters of falling shipments.

Persons: Archie Zhang, we’re, ”, Ivan Lam, Yelin Mo, Brenda Goh, Jan Harvey Organizations: Huawei, HK, IDC, Thomson Locations: BEIJING, China

☆ China receives US equipment to make advanced chips despite new rules-report
▼ + stars: | 2023-11-14 | by ( Alexandra Alper | ) www.reuters.com time to read: +3 min

Flags of China and U.S. are displayed on a printed circuit board with semiconductor chips, in this illustration picture taken February 17, 2023. REUTERS/Florence Lo/Illustration/File Photo Acquire Licensing RightsWASHINGTON, Nov 14 (Reuters) - Chinese companies are buying up U.S. chipmaking equipment to make advanced semiconductors, despite a raft of new export curbs aimed at thwarting advances in the country's semiconductor industry, a congressional report said on Tuesday. China watchers had theorized that SMIC could have made the chip with equipment obtained prior to the October 2022 rules, but it had other options for obtaining the equipment from oversees, the report shows. The United States managed to plug a key loophole in its efforts to stymie China's access to advanced chipmaking tools by convincing allies Japan and the Netherlands, with similarly robust chipmaking equipment industries, to announce their own restrictions on exports of the coveted technology. China's imports of semiconductor equipment from all countries totaled $13.8 billion (RMB 100 billion) over the first eight months of 2023, it added.

Persons: Florence Lo, United States scrambles, SMIC, Alexandra Alper, Chizu Organizations: REUTERS, Rights, U.S, Biden, Commerce Department, Huawei, SMIC, United, Office, Thomson Locations: China, U.S, United States, Netherlands, Japan

☆ Huawei launches its rival to Tesla’s Model S
▼ + stars: | 2023-11-10 | by ( Diksha Madhok | Michelle Toh | ) edition.cnn.com time to read: +3 min

Hong Kong/Beijing CNN —Huawei has launched a new electric vehicle (EV) that is designed to take on Elon Musk’s Tesla. The Chinese tech giant began taking preorders of the Luxeed S7, its first sedan, on Thursday. The S7’s 800-volt battery pack, the thinnest in the industry according to Yu, is made by Chinese EV battery giant CATL. A 15-minute charge will yield a driving range of 400 kilometers (249 miles), according to Yu, which surpasses the 347-kilometer range (about 216 miles) for Tesla’s Model S after a similar charging period. However, at the equivalent of $35,400, the S7 is much cheaper than the most basic Model S, which costs 698,900 yuan or $95,800 in China.

Persons: Elon Musk’s Tesla, Richard Yu, Mark Rainford, ”, ” Rainford, Yu, Rainford, Tesla, they’re Organizations: Beijing CNN, Huawei, Elon, Chery, YouTube, China, CNN, EV, Automotive Locations: China, Hong Kong, Beijing, Shenzhen, Shanghai

☆ Meta’s China quest thaws thin layer of dense cube
▼ + stars: | 2023-11-10 | by ( Anita Ramaswamy | ) www.reuters.com time to read: +4 min

In August, the United States banned domestic companies from making some new investments in Chinese tech, including computer chips and artificial intelligence systems. Chinese-based ByteDance, the owner of TikTok, counts the United States as its largest market. Selling virtual reality hardware primarily used for gaming is also an easier way of entering China. CONTEXT NEWSMeta Platforms struck a preliminary deal to sell virtual reality headsets in China through an exclusive partnership with Tencent, the Wall Street Journal reported on Nov. 9. China banned Meta’s Facebook platform from the country in 2009 and subsequently banned its WhatsApp and Instagram services as well.

Persons: Carlos Barria, Susan Li, Joe Biden, China’s Xi, Biden, Meta’s, Meta, ByteDance’s, Apple’s, Lauren Silva Laughlin, Sharon Lam Organizations: Meta, REUTERS, Reuters, HK, Wall Street, Facebook, United, Huawei, Companies, Republican, Tencent, Google, New York Times, Thomson Locations: Menlo Park , California, U.S, China, Beijing, Washington, United States, San Francisco, Texas, Florida, Montana

☆ Nvidia plans to release three new chips for China - local media
▼ + stars: | 2023-11-09 | by ( ) www.reuters.com time to read: +2 min

A smartphone with a displayed NVIDIA logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsSHANGHAI, Nov 9 (Reuters) - Nvidia (NVDA.O) is planning to release three new chips for China, local media reported on Thursday, weeks after the U.S. blocked it from selling two high-end artificial intelligence (AI) chips and one of its top gaming chips to Chinese firms. One of the company's top-of-the-line gaming chips, the L40S chip, which it announced in August, would also be affected, it said. On Oct. 24, Nvidia said those curbs would take immediate effect, as U.S. regulators had sped up an original deadline. Chinese internet giant Baidu (9888.HK) placed a sizeable order for Huawei AI chips this year, sources have said.

Persons: Dado Ruvic, Baidu, Brenda Goh, Christopher Cushing, Edwina Gibbs Organizations: NVIDIA, REUTERS, Rights, Nvidia, STAR Market, Huawei Technologies, Baidu, HK, Huawei, Thomson Locations: China, U.S, Washington

People check new products of Xiaomi ahead of the 2023 Mobile World Congress in Barcelona, Spain February 26, 2023. Demand in the world's biggest smartphone market has long been in decline, with the COVID-19 pandemic and then a faltering economic recovery persuading customers to wait longer before upgrading their phones. IDC predicts the Chinese market is on track to achieve year-on-year sales growth in the fourth quarter after ten consecutive quarters of decline. U.S. chip designer Qualcomm also said last week that it is seeing strong demand from smartphone companies, especially in China. The Mi 14 series, priced between 3,999 yuan and 6,499 yuan ($550-$890), represents an attempt by Xiaomi to make deeper inroads into the premium smartphone market and compete with Apple (AAPL.O) and Huawei.

Persons: Nacho, Lei Jun, Will Wong, Qualcomm, Xiaomi, Yelin Mo, Brenda Goh, Edwina Gibbs Organizations: REUTERS, Rights, HK, Weibo, IDC, Huawei, Apple, Thomson Locations: Barcelona, Spain, Rights BEIJING, China, U.S

He also lowered his price target by $6 to $120, implying just 3.9% upside from Tuesday's close. Analyst Shaun Kelley has a $40 price target on shares, implying shares could gain 11.4% from Tuesday's close. Rivian shares jumped more than 7% after the company increased its production forecast for the full year by 2,000 units to 54,000. Datadog shares have produced zero return over the past three years, Murphy noted, with shares down 9% since Oct. 15, 2020. UBS has a neutral rating on Apple and a price target of $190 per share, which implies upside of 4.5%.

Persons: Cowen downgrades Estee, TD Cowen, Estee Lauder, Oliver Chen, Chen, — Hakyung Kim, Shaun Kelley, Kelley, Goldman, Goldman Sachs, Neil Mehta, Mehta, There's, Colin Langan, Langan, Piper Sandler, Alexander Potter, Potter, Rivian, Mark Delaney, Morgan Stanley, Jonas, Mark Murphy, Murphy, David Vogt, Vogt, Fred Imbert Organizations: CNBC, Tech, UBS, JPMorgan, Revenue, Asia, Bank of America, Industry, Mehta ., Wall Street, Rivian, pullbacks, Pro, Pro Max, Apple Locations: China, Asia Pacific, Europe, Middle East, Africa, Tuesday's, U.S

☆ Exclusive: Baidu placed AI chip order from Huawei in shift away from Nvidia -sources
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: +4 min

Baidu ordered 1,600 of Huawei Technologies' 910B Ascend AI chips - which the Chinese firm developed as an alternative to Nvidia's A100 chip - for 200 servers, the source said, adding that by October, Huawei had delivered more 60% of the order, or about 1,000 chips, to Baidu. Baidu, alongside Chinese peers such as Tencent (0700.HK) and Alibaba (9988.HK), is known to be a long-time client of Nvidia. Baidu was not previously known to be a AI chip customer of Huawei. Huawei's website says it has since 2020 collaborated with Baidu to make its AI platform compatible with Huawei hardware. Baidu has developed its own line of Kunlun AI chips, which the company says supports large-scale AI computing, but the company has mainly relied on Nvidia's A100 chip to train its LLM.

Persons: Aly, Baidu, Ernie, Yelin Mo, Zhang Yan, Brenda Goh, Josh Ye, Gerry Doyle Organizations: Baidu, Artificial Intelligence, REUTERS, Rights, HK, Huawei, U.S ., Nvidia, Huawei Technologies, U.S, HUAWEI, Reuters, Thomson Locations: Shanghai, China, Rights BEIJING, SHANGHAI, U.S, Beijing, Hong Kong

☆ How Huawei plans to rival Nvidia in the AI chip business
▼ + stars: | 2023-11-07 | by ( Josh Ye | ) www.reuters.com time to read: +4 min

Better known globally for its telecoms and smartphones businesses, Huawei has for the past four years been building an AI chip line. Here is what we know about its Ascend AI chip series, and its main product to rival Nvidia's A100 chip, the 910B. WHY AND HOW DID HUAWEI ENTER THE AI CHIP BUSINESS? Baidu ordered 1,600 of Huawei 910B chips for 200 servers in August, one source told Reuters. Analysts have estimated China's AI chip market to be worth $7 billion and grabbing market share from Nvidia could mark a win for Huawei against the United States.

Persons: Benoit Tessier, Nvidia, CANN, Liu Qingfeng, iFlyTek, Jiang Tao, Baidu, Meng Wanzhou, Josh Ye, Brenda Goh Organizations: Huawei Technologies, Viva Technology, Porte de, REUTERS, Nvidia, Huawei, Baidu, HK, HUAWEI, Reuters, Analysts, CHINA, Thomson Locations: Porte, Paris, France, HONG KONG, China, United States

Search resuls for: "Huawei"

25 mentions found