China's leading artificial intelligence server provider xFusion has taken a formal step toward a stock market debut, hiring Citic Securities to guide it through preparations for an initial public offering, as investor appetite for AI-linked companies continues to surge. A regulatory filing. Huawei Enterprise provides a broad range of innovative ICT infrastructure products and solutions for vertical industry and enterprise customers worldwide. China's domestic AI chips took 41% of the accelerator server market in 2025. New data shows Huawei alone shipped roughly 812,000 AI chip units last. The Chinese AI firm has been at the forefront of competing with NVIDIA in China's AI market, particularly with rack-scale solutions. Now, at the Huawei Connect 2025. Although it costs three times more, and uses 3. 9x the power of Nvidia's most powerful AI server the GB200 NVL72, Huawei's CloudMatrix 384 cluster of Ascend 910C chips delivers twice the compute performance. The company unveiled the CloudMatrix 384 system at the World Artificial Intelligence Conference in Shanghai, where dozens of local companies showed off their latest AI hardware.
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