Reports indicateHuawei is building and operating DRAM fabs through a joint venture with state-controlled SwaySureThis is part of an alleged 11-fab network Huawei operates behind state-owned fronts that it denies existsThe move, seen as a bid by Huawei to secure captive HBM supply for its increasingly powerful Ascend AI chips, could place the company above Apple, Intel, and Nvidia, none of which makes its own memory.Mounting evidence suggests Huawei is taking the same approach that saw it build CPUs and AI chips in the past to DRAM in the present.The Chinese tech conglomerate is allegedly building and operating DRAM fabrication…