Nvidia has identified Huawei as one of its main rivals in several domains, one of which is the vital manufacturing of processors that drive artificial intelligence (AI) systems.
In four of the five main areas of its business—hardware and software for graphics processing units (GPUs), cloud services, Arm-based central processing units (CPUs), and networking products—the Santa Clara-based company stated in its annual report on Wednesday that Huawei was a rival.
According to media reports, only two months ago, Nvidia CEO Jensen Huang warned reporters in Singapore that the Chinese tech giant was a “formidable” rival in the production of AI chips.
The world was taken aback last year when the company unveiled the Mate 60 Pro, a cutting-edge phone with cutting-edge CPUs.
On Wednesday, Nvidia released its earnings results. It saw a 769% increase in profits over the same period last year.
