Nvidia’s Jensen Huang Once Called Huawei China’s Most Formidable Tech Company, But CEO Ren Zhengfei Says Its Chips Still Lag Behind US Rivals – NVIDIA (NASDAQ:NVDA)

In March, Nvidia Corp. NVDA CEO Jensen Huang praised Huanwei Technologies as China’s “most formidable technology company.” On Tuesday,  Huawei’s founder and CEO, Ren Zhengfei, downplayed the hype, stating that the company’s chip technology still…