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Huawei expects AI chip revenue to jump at least 60% this year, FT reports

Published by Global Banking & Finance Review

Posted on May 1, 2026

1 min read

· Last updated: May 1, 2026

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Huawei expects AI chip revenue to jump at least 60% this year, FT reports
Finance Banking Markets

Huawei Forecasts 60% Rise in AI Chip Revenue with Strong Demand in 2024

Huawei's AI Chip Revenue Growth and Market Outlook

Revenue Projections for 2024

May 1 (Reuters) - Huawei expects revenue from its AI chips to jump at least 60% this year, boosted by strong demand for domestic offerings from Chinese companies, the Financial Times reported on Friday.

Expected Revenue Figures

The Chinese tech company expects revenue from its chips to reach about $12 billion this year based on orders it has already received, up from $7.5 billion in 2025, the newspaper said, citing sources.

Product Demand and Development

Ascend Processor 950PR Orders

The report said Huawei received majority of orders this year for its latest Ascend processor 950PR, which entered mass production in March, and the firm plans to launch an upgraded version of 950DT in the fourth quarter.

Future Product Launches

Reuters could not immediately verify the report.

Reporting Credits

(Reporting by Fabiola Arámburo in Mexico City; Editing by Subhranshu Sahu)

Key Takeaways

  • Huawei forecasts AI‑chip revenue jumping at least 60 % to about $12 billion in 2026, based on existing orders, up from $7.5 billion in 2025 (huaweicentral.com)
  • The Ascend 950PR—which entered mass production in March 2026—is the main driver of demand, with major Chinese firms like ByteDance, Alibaba, Tencent and Baidu placing sizeable orders (tomshardware.com)
  • SMIC and Chinese foundries are scaling up AI-chip manufacturing: SMIC is doubling 7 nm capacity in 2026 to meet Huawei’s needs, as China's domestic vendors capture increasing market share amid U.S. export controls (enkiai.com)

References

Frequently Asked Questions

How much does Huawei expect to earn from AI chips in 2024?
Huawei expects revenue from its AI chips to reach about $12 billion in 2024, up from $7.5 billion the previous year.
What is driving the increase in Huawei's AI chip revenue?
Strong demand from Chinese companies for domestic AI chip offerings is the main driver of Huawei's anticipated revenue increase.
Which Huawei AI processor is seeing the most orders in 2024?
The Ascend processor 950PR has received the majority of Huawei's AI chip orders in 2024.
When did mass production of Huawei's Ascend 950PR processor begin?
Mass production of the Ascend 950PR processor began in March 2024.
Is Huawei planning to launch any new AI chips in 2024?
Yes, Huawei plans to launch an upgraded version of the 950DT AI processor in the fourth quarter of 2024.

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