{
}
Huawei's CEO Ren Zhengfei acknowledged that the company is currently one generation behind American chipmakers but is compensating through advancements in cluster computing and theoretical research. He emphasized the importance of fundamental research, with Huawei investing approximately $25.06 billion annually, and noted the development of their CloudMatrix 384 system, which may outperform restricted NVIDIA systems. Additionally, Huawei is working on its own 5nm chip production line and plans to begin 3nm chip production by 2026.
Representatives from the US and China are negotiating in London, with an urgent need for an agreement as trade between the two nations plummeted in May. The DAX is facing uncertainty due to potential tariff policy changes, with a critical support level at 24,212 points that, if breached, could signal a trend reversal.
Huawei's Harmony Intelligent Mobility Alliance (HIMA) is launching its fifth EV brand, "Shangjie," in partnership with SAIC Motor. A camouflaged test vehicle, likely a mid-size to large SUV, has been spotted, with the first model expected to target the mainstream market priced between 150,000 to 250,000 yuan.The "Shangjie" will feature advanced technologies, including Huawei's HarmonyOS and Qiankun ADS for intelligent driving, and will offer both range-extended and pure electric options. The model is set to debut in fall 2025, supported by a significant investment from SAIC.
Huawei Technologies is focusing on enhancing AI chip performance through innovative methods like cluster computing, despite being a generation behind US competitors. CEO Ren Zhengfei emphasized the company's significant investment in research and the potential of compound chips, while addressing concerns over US export controls. Huawei's Ascend series competes with Nvidia, and recent developments suggest that its AI systems may outperform Nvidia's offerings in certain metrics.
Huawei's CEO Ren Zhengfei revealed that the company’s chips are one generation behind U.S. counterparts but are improving through techniques like cluster computing. Despite U.S. export restrictions, Huawei invests heavily in research and is developing advanced AI chips, competing with Nvidia in China. Ren emphasized the importance of theoretical research for future breakthroughs.
Huawei's CEO, Ren Zhengfei, acknowledged that the company's chips lag one generation behind U.S. competitors but emphasized ongoing improvements through cluster computing and significant annual research investments of 180 billion yuan ($25.07 billion). Despite U.S. export controls limiting access to advanced chips, Huawei continues to develop its Ascend AI chip series, which faces competition from Nvidia. Ren stated that while Huawei's achievements are often exaggerated, the company is committed to advancing its technology.
Ren Zhengfei, CEO of Huawei, emphasizes the importance of theoretical research and innovation in driving China's technological progress, particularly in the semiconductor and AI sectors. He advocates for a supportive environment for scientists and stresses that criticism can foster improvement. With significant investments in research and development, he believes that China's youth and infrastructure will propel the nation towards achieving global standards in technology.
Geely, China's second-largest carmaker, has paused new plant construction to address global overcapacity and intense price competition in the automotive sector. Despite a challenging market, the company reported a 32% increase in vehicle deliveries and a 52% rise in net profit, driven by a strategic focus on international sales and a multi-energy approach. As domestic competition intensifies, Geely's pivot towards exports and localized manufacturing aims to enhance profitability and mitigate risks.
Beijing's Public Security Bureau plans to sell confiscated cryptocurrencies through licensed exchanges in Hong Kong, marking the first formal process for disposing of seized digital assets. This initiative, in collaboration with the China Beijing Equity Exchange, aims to manage billions in crypto seized since the country's ban on trading. While mainland China maintains strict regulations, Hong Kong is emerging as a hub for virtual assets, allowing for a dual approach to cryptocurrency regulation.
Tesla's Shanghai Gigafactory has seen a 15% year-on-year drop in deliveries for May, marking the eighth consecutive month of decline, with total deliveries down 17.6% for the first five months of 2025. Increased competition from local EV manufacturers, offering more affordable and tech-rich models, has pressured Tesla's market share in China, which has fallen from 16% in 2020 to just 6% in 2023. Meanwhile, Chinese EV makers like BYD are expanding globally, leveraging their domestic success amid intense local competition.
Chinese Yuan
Currency
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Huawei Aims to Compete with US Chips Through Innovative Research and Development
16:31 10.06.2025
US China Trade Talks Impact DAX Amid Economic Uncertainty
11:39 10.06.2025
Huawei and SAIC unveil Shangjie EV targeting young consumers in China
09:01 10.06.2025
Huawei Emphasizes Innovation in AI Chips Amid US Export Challenges
Chinese Yuan
United States Dollar
Huawei Technologies CO. Ltd.
Nvidia Corporation
CHN
USA
Ren Zhengfei
08:34 10.06.2025
Huawei CEO Discusses Chip Advancements Amid US Export Controls
05:59 10.06.2025
Huawei CEO Acknowledges Chip Shortcomings While Pursuing Innovative Solutions
05:42 10.06.2025
Huawei CEO Ren Zhengfei Emphasizes Importance of Theoretical Research and Innovation
05:25 10.06.2025
Geely halts new plant construction amid global automotive overcapacity challenges
10:10 09.06.2025
China to sell seized cryptocurrencies through Hong Kong exchanges for first time
03:00 07.06.2025
Tesla's Shanghai deliveries decline as local EV competition intensifies
08:30 05.06.2025
Trending
Subcategory
Countries:
Companies:
Currencies:
People: