China's Huawei develops new AI chip, seeking to match Nvidia

SINGAPORE—Huawei Technologies is gearing up to test its newest and most powerful artificial-intelligence processor, which the company hopes could replace some higher-end products of U.S. chip giant Nvidia. The steady advance by one of China's flagship technology companies points to the resilience of the country's semiconductor industry despite efforts by Washington to stymie it, including by cutting off access to some Western chip-making equipment. Huawei has approached some Chinese tech companies about testing the technical feasibility of the new chip, called the Ascend 910D, people familiar with the matter said. The company is slated to receive the first batch of…