Huawei Courts Egypt With AI Chips in Test of US Tech Diplomacy

In China in late August 2026 (26 August), Huawei was the focus of several business stories. Bloomberg wrote that Huawei is courting Egypt with AI chips in a test of US tech diplomacy, and that Huawei’s bid for an AI data center in Egypt has the US weighing a counter-offer. Huawei also signed a multi-year Wi-Fi patent licensing deal with US PC maker HP, ahead of a Trump-Xi meeting.

Other Chinese tech and industry news included Nvidia’s first H200 chip sales in China, and MiniMax’s annual recurring revenue jumping to $800 million, with sales nearly quadrupling. China said it eyes commercial use of 6G before 2030. Volkswagen plans to cut 50,000 jobs, and Bloomberg wrote that a tax clawback is hitting Chinese listed companies.