Huawei expects AI chip revenue to reach approximately $12B in 2026, a 60% increase from $7.5B in 2025, according to reporting by the Financial Times based on orders already received. The growth is anchored by the Ascend 950PR, which entered mass production in March and has captured most 2026 orders from Chinese companies seeking alternatives to Nvidia hardware under export restrictions. An upgraded Ascend 950DT is planned for Q4; supply chain constraints — including limited high-bandwidth memory availability — remain the primary risk to the forecast.