Title: “Huawei Launches Mate 60 Pro: China’s Chip Stocks Rally Amid Speculation of 5G Capable Chip”
Chinese chip stocks experience a significant boost as Huawei introduces its latest flagship phone, the Mate 60 Pro. The market is abuzz with speculation that Huawei may have developed a 5G capable chip, presenting a potential victory for China’s local semiconductor industry. This development comes in the wake of US restrictions on Huawei, barring the company from procuring advanced chips and software from American suppliers since 2019.
Research firms suggest that Huawei might be turning to domestic sources for its chip needs while leveraging its advancements in semiconductor design tools. The launch of the Mate 60 Pro catches industry insiders off-guard, as the phone is introduced with very little advance notice or advertising. However, enthusiastic online users claim that the phone is capable of matching the network speeds of 5G chipset devices and attribute this to the rumored Kirin 9000s chip. These claims, however, remain unverified at the moment.
The Mate 60 Pro launch on Weibo creates a frenzy, garnering immense attention and becoming the platform’s most searched subject. Netizens perceive this launch as a significant triumph over the US restrictions imposed on Huawei. Fueled by the positive sentiment, chip shares in China experience a surge of over 2.5%, culminating in weekly gains of approximately 8%. Moreover, China’s Semiconductor Manufacturing International Corp witnesses a notable 10% increase in its stock value for the week.
Investors demonstrate a positive outlook towards the Mate 60 Pro launch and the underlying technology behind it, resulting in a flow of money into related stocks. Despite the mounting curiosity surrounding the phone’s 5G capabilities, Huawei declines to provide a direct comment on whether it possesses such a feature. However, the company describes the Mate 60 series as its most powerful model to date.
It is crucial for Huawei to address the market’s interest and clarify its technology claims. Until verified, uncertainties surrounding Huawei’s ability to develop 5G chips may potentially harm the company’s credibility. As the industry eagerly awaits confirmation, the launch of the Mate 60 Pro stands as a significant development and a reflection of China’s progress in the semiconductor sector.
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