China’s chipmakers aim to triple AI chip output by 2026 to reduce reliance on Nvidia. Huawei plans to launch AI chip production facilities by year end, with unclear ownership. Combined output could surpass SMIC’s capacity, who plans to double 7 nanometre chip capacity next year. Beijing accelerates domestic AI chip development.

Read more at Yahoo Finance: China aims to triple AI chip output, reducing Nvidia’s dependency, FT says