The chip powering the Mate 60 Pro phone of sanctioned Chinese company Huawei is not as advanced as American chips, U.S. Commerce Secretary Gina Raimondo said on Sunday, arguing that it shows U.S. curbs on shipments to the telecoms equipment giant are working. Huawei, which has been on a trade restriction list since 2019, surprised the industry and the U.S. government when it released a new phone powered by a sophisticated chip last August. The Huawei Mate 60 Pro was seen as a symbol of China's technological resurgence despite Washington's ongoing efforts to cripple its capacity to produce advanced semiconductors.
Apple iPhone sales likely rose 3% in the key holiday period, the best growth in five quarters, but analysts expect a tough year for the company in China, where it faces regulatory headwinds and resurgent competition from Huawei. Wall Street expects the company's latest flagship iPhone 15 to face stiff competition from Samsung's new Galaxy S24 packed with generative artificial intelligence features and a Huawei phone powered by a China-made chip. Microsoft edged ahead of Apple in the past few tra
(Bloomberg) Commerce Secretary Gina Raimondo said that the US will take the “strongest possible” action to protect its national security when asked how the Commerce Department will respond to a recent chipmaking breakthrough in China.Most Read from BloombergJPMorgan Is in a Fight Over Its Client’s Lost $50 Million FortuneRaimondo Vows ‘Strongest Possible’ Action on Huawei’s Chip BreakthroughAbu Dhabi Is the World’s Newest Wealth Haven for BillionairesHarvard’s Deepening Disunity Pits Alumni A
Huawei Technologies Co.s Mate 60 Pro smartphone shows “significant progress” in Chinas domestic design and engineering of radio-frequency chips, according to the latest findings from research firm TechInsights. Importantly, the advances in chip design suggest Huaweis hardware is capable of competing with the worlds best, even without access to US suppliers. Radio-frequency chips manage a smartphones communication with base stations that link to the internet, a core function for any device.