Huawei Technologies Co, the Chinese tech giant, has unveiled its Kirin 9000s processor, which boasts 5G wireless capabilities.
This revelation has dispelled uncertainties surrounding the company's latest devices.
The Nvidia Corp NVDA and Apple Inc AAPL rival's Kirin-powered Mate 60 smartphone series witnessed impressive sales, with over 300,000 units sold within its initial two weeks in China.
This surge in sales placed the Mate 60 series second in China's sales rankings, just before the launch of Apple's newest iPhone.
The rise in sales reflected a combination of national pride and the allure of its advanced domestic processor, Bloomberg reports.
Huawei has remained tight-lipped about several specifications and features of its devices, including their 5G capabilities.
Interestingly, even the internal software of these phones doesn't reveal the supported networking standards.
However, tests conducted by various agencies, including Bloomberg News, confirmed the 5G speeds of these devices.
The Mate 60 series marks Huawei's first foray into the 5G realm since U.S. sanctions disrupted its consumer business three years ago.
Introducing these 5G devices indicates Huawei's ability to innovate independently of American technologies.
Typically, global smartphone manufacturers depend on firms like Skyworks Solutions Inc SWKS and Qualcomm Inc QCOM for their wireless communication chips.
Huawei has expanded its Kirin-powered lineup, introducing the Mate 60, Mate 60 Pro, Mate 60 Pro+, and the foldable Mate X5.
The Mate X5, in particular, mirrors its predecessor, the Mate X3, but is enhanced with the Kirin chip. This expansion suggests Huawei's confidence in mass-producing these chips, crafted by the Shanghai-based Semiconductor Manufacturing International Corp.
Analyst Ivan Lam from Counterpoint highlighted the significant attention the Huawei Mate 60 series garnered in the Chinese market, especially before the iPhone 15 series launch.
He emphasized, "Huawei remains the only significant competitor to the iPhone in the premium segment of the Chinese market."
Furthermore, recent developments indicate that Huawei's HiSilicon chip design unit has started shipping surveillance camera chips. This move showcases Huawei's resilience in navigating stringent U.S. export controls, potentially reshaping the market dynamics.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.