Connect with us

Hi, what are you looking for?

Stock

Huawei launches Mate 70 smartphone as new US chip curbs loom

SHENZHEN, China (Reuters) -Chinese tech giant Huawei Technologies unveiled its Mate 70 smartphone series on Tuesday, advancing its comeback in the premium smartphone space while showcasing its own operating system in a clean break away from U.S. technology.

The phone marks the “the most powerful Mate phone ever”, Richard Yu, chairman of Huawei’s Consumer Business Group, said at an event in the company’s hometown of Shenzhen.

The Mate 70 is first mainstream smartphone to include a satellite paging system, has an improved processor and runs on Huawei’s homegrown HarmonyOS Next (LON:NXT) operating system, Yu said.

The launch comes as the U.S. is expected to announce new export controls that could add up to 200 Chinese chip companies to a trade blacklist as soon as this week, restricting their access to U.S. suppliers, Reuters reported on Saturday.

Huawei does not typically discuss its chip advancements at product launch events, with improvements usually discovered by teardown firms later.

This post appeared first on investing.com

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.






    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Editor's Pick

    Former president Donald Trump and his allies have filed hundreds of lawsuits, with more to come, seeking to tighten voting rules or disqualify voters....

    Economy

    LONDON (Reuters) – Bank of England interest rate-setter Megan Greene said she still believed the central bank should take a cautious approach to cutting...

    Editor's Pick

    Sister Stephanie Schmidt had a hunch about what her fellow nuns would discuss over dinner at their Erie, Pennsylvania, monastery on Wednesday night. The...

    Latest News

    Tunisians voted Sunday in an election expected to grant President Kais Saied a second term, as his most prominent detractors, including one of the candidates challenging...

    Disclaimer: beneficialinvestmentnow.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2024 beneficialinvestmentnow.com