Chinese companies accelerate shift away from NVIDIA AI chips, domestic chip budget share reaches 46%

Explanation

According to an announcement by a research firm, it was reported on July 7, 2026, that the share of domestic chips in Chinese companies' AI semiconductor budgets is projected to rise sharply, from a previous 30% to 46%. This is driven by U.S. export restrictions that have made it harder to obtain NVIDIA's high-performance AI chips in China, accelerating a shift toward products from domestic manufacturers such as Huawei. In fact, the adoption evaluation rate for Huawei's "Ascend" chips reportedly surpassed that of NVIDIA chips for the first time. This trend shows that the U.S.-China technology hegemony struggle over semiconductors needed for AI development is now manifesting in companies' actual procurement behavior.