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

• Revenue projected to reach $12 billion in 2026, up from $7.5 billion in 2025, representing at least 60% growth
• Majority of orders are for the Ascend 950PR processor, which began mass production in March 2026
• Huawei plans to launch an upgraded version of its 950DT processor in the fourth quarter of 2026

Summary

Key Development:

Huawei anticipates its AI chip revenue will surge at least 60% in 2026, driven by robust domestic demand from Chinese companies, according to a Financial Times report citing unnamed sources.

Financial Figures:

• Expected 2026 AI chip revenue: approximately $12 billion
• 2025 AI chip revenue: $7.5 billion
• Year-over-year growth: 60%+ increase

Products and Timeline:

The majority of orders this year are for Huawei's latest Ascend 950PR processor, which entered mass production in March 2026. The company plans to launch an upgraded version, the 950DT, in Q4 2026. These projections are based on orders already received.

Market Context:

The strong performance reflects increased demand for domestically-produced AI chips within China, as Chinese companies turn to local alternatives. This trend likely stems from ongoing U.S.-China technology tensions and restrictions on foreign chip access.

Sector Implications:

Huawei's significant growth in AI chip revenue positions the company as a major competitor in the semiconductor space, particularly within the Chinese market. The 60% revenue jump demonstrates the company's ability to capture market share in the critical AI infrastructure sector despite international pressures.

Note: Reuters could not independently verify the Financial Times report at the time of publication.

This development underscores China's push for semiconductor self-sufficiency and Huawei's expanding role as a domestic technology provider in the AI chip market.