Chinese chip stocks rally after Huawei's launch of the Mate 60 Pro phone, with investors speculating that it could be using a 5G capable chip, potentially benefitting China's local semiconductor sector.
Chinese smartphone company Huawei has released its latest model, the Mate 60 Pro, which features an advanced chip designed and manufactured in China, despite US sanctions intended to hinder the country's technological progress, showcasing China's ability to innovate without relying on US technology.
Huawei and China's top chipmaker SMIC have developed an advanced 7-nanometer processor for the new Huawei Mate 60 Pro smartphone, marking progress in China's domestic chip ecosystem and a challenge to U.S. restrictions on Huawei's access to chipmaking tools.
The launch of Huawei's new smartphone raises questions about global technology and control of the future, as the Chinese company unveils a smartphone powered by an advanced chip, potentially challenging US efforts to block China from acquiring cutting-edge computer chips.
China has defied US-led export restrictions by producing a 5G smartphone, Huawei's Mate 60 Pro, using an advanced silicon chip made by Semiconductor Manufacturing International Corp (SMIC), indicating progress in China's efforts to build a domestic chip ecosystem.
The US government is seeking more information about the Huawei Mate 60 Pro smartphone, particularly its advanced chip, to determine if American restrictions on semiconductor exports were bypassed.
The recent unveiling of Huawei's Mate 60 Pro smartphone, powered by the Kirin 9000s chip, has sparked debates about its significance in the US-China technology cold war.
Huawei has introduced the Huawei Watch GT 4, a wearable that boasts improved health features and an impressive battery life of up to two weeks, along with a new set of true wireless earbuds and a tablet with a paperlike display.
Huawei's chip design unit, HiSilicon, is shipping new Chinese-made chips for surveillance cameras, indicating that the company is finding ways around the US export controls and reclaiming market share in the sector.
Despite conflicting claims, the U.S. Commerce Secretary has stated that there is no evidence that Huawei can manufacture smartphones with advanced semiconductors at scale.
Huawei Technologies launches its Mate 60 series, thanking China for its support amid US restrictions and showcasing new products including a tablet and a high-end brand called 'Ultimate Design'.
Chinese telecommunications giant Huawei focused on launching new electric cars and wireless earbuds, without revealing any details about its new phone or advanced chip breakthrough, during its high-profile launch event, leaving many disappointed.
Huawei disappoints fans and US officials at a recent product launch event by not discussing its flagship Mate 60 Pro smartphone, raising further concerns and calls for sanctions against the Chinese tech giant.
Huawei is stockpiling components in order to double its smartphone sales in 2024, despite expectations of a further U.S. crackdown.
The release of Huawei's Mate 60 Pro and a decline in iPhone sales in China have allowed Huawei to surpass Apple as the top-selling smartphone brand in the country, with analysts predicting that iPhone shipments will continue to decrease due to weak demand.
The smartphone market is showing signs of recovery, with only a 1% decline in Q3 2023, but vendors should remain cautious due to geopolitical uncertainties and ongoing adjustments in sales channels and component inventories, according to a report by Canalys. Samsung maintained its position as the market leader, followed by Apple, while Xiaomi and Transsion experienced success in emerging markets. Huawei also made a strong comeback with the release of the Mate 60 series, although its availability is currently limited to China.
Huawei has sold 1.6 million of its Mate 60 Pro smartphones in six weeks, defying smartphone slowdown and enjoying strong demand in its high-end smartphone renaissance.
Huawei has sold 1.6 million of its Mate 60 Pro handsets in six weeks, defying the smartphone slowdown and enjoying strong demand amidst the launch of the iPhone 15, according to Counterpoint Research.
