Chinese tech giant Huawei is reportedly ready to test a new artificial-intelligence chip to compete with Nvidia — but the U.S. chipmaker shouldn’t be too concerned, according to one analyst.

Huawei reportedly plans to soon begin testing its latest Ascend AI chip, the Ascend 910D, which the company hopes will rival Nvidia's H100.

In response to US restrictions on chip exports, Chinese companies have been trying to develop their own hardware to power generative AI, but so far, have trailed behind. Now the Wall Street Journal reports that Huawei is not only preparing to ship more of its existing Ascend 910B and 910C chips,