China's Huawei set to re-enter mid-range 5G phone market -report

📆 9/19/2023 11:26 AM
📰 YahooFinanceCA

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Huawei may launch a mid-range 5G phone as soon as October, China's IT Times reported on Tuesday, in what would be another sign the technology giant has overcome U.S. sanctions. From 2019, the U.S. has restricted Huawei's access to chipmaking tools essential for producing the most advanced handset models, with the company only able to launch limited batches of 5G models using stockpiled chips. Huawei may launch a 5G version of its mid-ranged Nova around October or November, the IT Times said, citing industrial supply chain sources.

FILE PHOTO: Advertisements for Huawei Mate 60 in Beijing

From 2019, the U.S. has restricted Huawei's access to chipmaking tools essential for producing the most advanced handset models, with the company only able to launch limited batches of 5G models using stockpiled chips. Huawei did not immediately respond to a request for comment on the report in the IT Times, which is owned by the Shanghai arm of state-owned China Telecom.

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