"There's a fair amount of competition in China," Nvidia CEO Jensen Huang told CNBC's Jon Fortt Wednesday.
"Huawei, other companies, are ... quite vigorous and very, very competitive," Huang said.
Since 2019, the U.S. has restricted Huawei's ability to access technology from American suppliers, from advanced 5G chips to Google's Android operating system.
Huawei's revenue exceeded 860 billion yuan ($118.27 billion) in 2024, state media reported, a 22% jump in revenue from 2023, and the fastest growth since a 32% increase in 2016, according to CNBC calculations of publicly released figures. Huawei typically publishes its annual reports in March.