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The Information: Huawei plans AI chip to rival Nvidia, Intel

2018-07-13 02:32    Investing

The Information: Huawei plans AI chip to rival Nvidia, Intel Stock News

© Reuters. The Information: Huawei plans AI chip to rival Nvidia, Intel
  • Huawei is making an artificial intelligence push that includes AI chips, according to The Information sources.
  • The company’s Project Da Vinci wants to bring AI to everything from telecom base stations to cloud data centers to smartphones to surveillance cameras.
  • Huawei’s telecom arm was effectively banned in the U.S. after a 2012 accusation that the company and ZTE (HK:0763) had close ties to the Chinese government that could pose a national security threat.
  • Earlier this year, U.S. lawmakers opposed Huawei’s plan to sell a smartphone through AT&T (NYSE:T).
  • Shares of AI chip rival Nvidia (NASDAQ:NVDA) are up 1.5% to $251.19 and Intel (NASDAQ:INTC) is up 1.9% to $52.16.
  • More movers: CEVA (CEVA +0.6%), which licenses tech to the chipmakers, and companies that supply software tools to chip engineers, Synopsys (SNPS +2.5%) and Cadence Design Systems (CDNS +2%).
  • Now read: Trading Mistake 7: Nvidia - No Emotional Detachment


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