- 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
Original article