Huawei dominates the foldable smartphone market in China with over 50% market share, despite not having 5G connectivity, and the segment is experiencing strong year-over-year growth.
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.
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.
China's Huawei Technologies' development of an advanced chip for its latest smartphone demonstrates the country's determination to fight back against U.S. sanctions, but the efforts are costly and may lead to tighter restrictions from Washington, according to analysts.
Huawei's Mate 60 Pro is making a comeback in the Chinese smartphone market, but analysts believe its chances of competing with Apple and Samsung globally are slim due to the lack of popular apps like Google Maps and the impact of US sanctions.
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.
The Huawei Mate 60 Pro's release in China has sparked mockery and nationalist pride on Chinese social media, as it is seen as a symbol of China's technological advancement despite US efforts to restrict its access to advanced chips.
Huawei has released the Mate X5, a new foldable smartphone in China, featuring the Kirin 9000S chipset and retaining the same core hardware as its predecessor.
SK hynix Vice Chairman Park Jung-ho denies doing business with Huawei and calls for further investigation into the memory used in Huawei's controversial Mate 60 Pro smartphone, suggesting that Chinese sanctions may not be as effective as hoped.
The U.S. government is investigating how Huawei and SMIC managed to create 7nm Kirin 9000S 5G chipsets in violation of American sanctions, while Foxconn workers assembling the Huawei Mate 60 Pro in China are paid 19.2% more than those assembling the iPhone.
Huawei may launch a mid-range 5G phone as early as October, indicating that the company has overcome U.S. sanctions.
