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DeepSeek–Huawei Pact Reshapes China AI Chips

COMMENTARY

July 23, 2026 at 09:29 UTC

1 min read

DeepSeek is now working closely with Huawei to optimize its V4 model for Huawei’s Ascend 950 AI chips, giving China a credible high‑end AI stack that no longer depends solely on Nvidia (NVDA) hardware. The entire Ascend supernode line now supports DeepSeek‑V4, marking a step‑change in domestic AI compute capability.

This alignment fits directly into China’s policy push for AI self‑sufficiency and reduced reliance on foreign chips. With DeepSeek models able to deliver similar performance on both Huawei and Nvidia (NVDA) platforms, perceived execution risk around China’s AI ambitions has narrowed, improving the commercial outlook for Huawei’s AI ecosystem.

Following the V4 launch, large Chinese tech platforms have scrambled to secure Huawei AI chips, underscoring strong domestic demand and near‑term pricing power for Ascend 950 hardware and related cloud services. DeepSeek is offering temporary discounts on V4 access and expects V4‑Pro pricing to fall once Ascend 950 supernodes ship at scale, highlighting both robust demand and current supply constraints.

Market perception is shifting toward Huawei as a viable alternative to Nvidia (NVDA) within China’s AI stack, supporting sentiment toward listed domestic AI and semiconductor peers exposed to the Huawei ecosystem. At the same time, this dynamic introduces a structural overhang for Nvidia and other US semiconductor names with significant China AI exposure, as incremental Chinese data‑center demand is increasingly captured by local hardware suppliers rather than US GPU vendors.

Terminology

01AI stack: Combined hardware and software layers required to train and deploy AI models.
02Data‑center demand: Compute and networking hardware purchases driven by cloud and enterprise data centers.

References