Huawei now runs China's push to build its own chipmaking machines.
The Financial Times reported on Tuesday that Huawei is funding and coordinating China's makers of chip printing tools. Its investment arm has backed more than 60 chip firms since American sanctions hit the company seven years ago. The goal is home-made gear for 7 and 5 nanometre chips, replacing Dutch supplier ASML.
Why it mattersIf China builds its own tools, export controls stop being the West's main lever. That decides how cheap Chinese AI chips get, and how fast their models improve.
Read in the app — free, in 9 languages
Related stories
OpenAI lowered its price tag to $1.25 trillion to close a new round.2026-10-23Barclays will cut 5,000 jobs and named AI as part of the reason.
2026-10-22DeepSeek doubled its fundraising goal to about $15 billion.
2026-10-22China-linked hackers turned an AI agent on over 2,250 company clouds.
2026-10-22Governments took websites offline over the AI-found PHP flaw.
2026-10-22