Huawei 'has got China covered' if the U.S. doesn't participate, Nvidia CEO tells CNBC

Core Viewpoint - The ongoing U.S. restrictions on AI semiconductor exports to China may benefit Huawei, as the company is positioned to leverage its status in the Chinese market while U.S. firms like Nvidia may miss out on opportunities in China [1]. Group 1: U.S. Restrictions and Huawei's Position - U.S. export curbs are limiting Chinese companies from acquiring advanced semiconductors necessary for AI development, prompting China to support domestic firms like Huawei to establish its own AI chip ecosystem [1]. - Nvidia's CEO Jensen Huang stated that Huawei is prepared to fill the gap left by U.S. companies if they choose not to engage with the Chinese market [1]. Group 2: Huawei's Current Capabilities - Huawei's CEO Ren Zhengfei acknowledged that the company's technology is still a generation behind that of the U.S., indicating that Huawei has not yet achieved the level of advancement often attributed to it [2]. - Ren emphasized the need for Huawei to work harder to meet the standards set by U.S. technology, countering claims of Huawei's superiority [2].