Huawei AI Chip Revenue Expected to Hit $12B in 2026 (Up 60%) as Ascend 950PR Orders Surge

CNBC·high signal

Huawei expects AI chip revenue to reach approximately $12B in 2026, up 60% from $7.5B in 2025, driven by surging orders for its Ascend 950PR chip as NVIDIA remains restricted from the Chinese market. This is the clearest signal yet that export controls are accelerating China's domestic AI chip ecosystem rather than slowing it — Huawei is building a credible alternative supply chain.