Still, Jensen Huang says his company’s technology remains a generation ahead of those developed by Chinese rivals.

Ren Zhengfei says his firm is just one of many Chinese chipmakers, adding that the US has ‘exaggerated Huawei’s achievements’.

Huawei Technologies' chips are one generation behind those of U.S. peers but the firm is finding ways to improve performance.

Nevertheless, Ren Zhengfei cautioned that Huawei still isn’t quite as successful as the U.S.’s fears make it seem.

Nvidia CEO Jensen Huang discusses the AI technology battle with CNBC's Arjun Kharpal, saying the U.S. risks losing out to China if it cuts off access to Chinese AI researchers.

"If the United States doesn't want to partake, participate in China, Huawei has got China covered," the Nvidia CEO warned.

Still, Jensen Huang says his company’s technology remains a generation ahead of those developed by Chinese rivals.

That number falls short of Nvidia’s over 1 million China-specific H20 chips produced in the last nine months of 2024, analysts estimate.