FEATURED — FULL NOTE
Huawei
LAYER: THE CHINA STACK · STATE-LINKED
Ascend accelerators — China's NVIDIA substitute under export controls.
2026
SAME LAYER: THE CHINA STACK
SMICAlibaba / Tencent / Baidu / ByteDanceDeepSeek / Moonshot / Zhipu / MiniMaxCambriconCXMT (memory)HygonBiren (private)Moore Threads (private)01.AI (private)StepFun (private)
INFORMATIONAL ONLY — not investment advice. Full disclaimer.