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Huawei Readies Ascend 920 Chip to Replace Restricted NVIDIA H20

Image: Mehaniq41/Envato Elements U.S. restrictions and tariffs on Chinese imports may hurt American companies, particularly those that sell semiconductors to China, according to a report by The New York Times. As companies like NVIDIA brace for potential losses, possibly as high as $5.5 billion from its H20 chip, Chinese tech giant Huawei is seizing the opportunity by preparing a competing…