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.
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.
U.S. lawmakers accuse Chinese chipmaker of violating sanctions by using South Korean memory chips in a smartphone produced by Huawei, leading to calls for further restrictions on technology exports to Chinese companies.
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 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'.
Huawei unveiled several new products, including a tablet, smart TV, and ear pods, but remained silent on its breakthrough Mate 60 Pro smartphone powered by a home-grown chip, seen as a significant step toward China's tech self-sufficiency.
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.
