China's Domestic AI Chip Market: Huawei, Cambricon Gain on Nvidia
TL;DR. Chinese analysts project domestic AI accelerators will supply 90% of China's market by 2026, driven by export controls and Beijing mandates. - Nvidia's market share in China, once 66% in 2024, is forecast to drop to 8% by 2026. - Huawei and Cambricon are expected to be the primary beneficiaries of this market shift. - The central challenge remains whether Chinese vendors can meet the high domestic demand for these accelerators.
- China's domestic AI accelerator market share projected to hit 90% by 2026.
- US export controls and Beijing mandates drive the shift away from AMD and Nvidia.
- Huawei and Cambricon are poised to be the largest beneficiaries of this change.
- Nvidia's market share in China dropped significantly, from 66% in 2024 to an estimated 8% in 2026.