Core Viewpoint - Despite being placed on a trade blacklist by the U.S. for national security reasons, Huawei's competition is intensifying, as highlighted by Nvidia's recent acknowledgment of Huawei as a competitor in its annual report for the second consecutive year [1]. Group 1: Nvidia's Position and Huawei's Growth - Nvidia has identified Huawei as a competitor in four of its five product categories, including chips, cloud services, computing, and networking products [1]. - Huawei's revenue for 2024 is projected to exceed 860 billion RMB (approximately 118.27 billion USD), marking a 22% year-over-year growth, the fastest since 2016 [1]. - Huawei's consumer division has faced significant challenges, with 2023 revenue increasing by 17% to 251.5 billion RMB, which is only half of its peak in 2020 [1]. Group 2: Huawei's AI Chip Production - Huawei has reportedly increased the yield of its latest Ascend series AI chips from 20% to nearly 40%, indicating a turnaround from losses to profitability [2]. - The company aims to further enhance the yield to 60% to meet industry standards for similar chips [2]. - For 2025, Huawei plans to produce 100,000 Ascend 910C and 300,000 Ascend 910B processors, compared to 200,000 Ascend 910B produced last year [2].