China chip stocks rally after Huawei's low-key launch of new Mate 60 Pro phone
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Summary
Chip stocks surge as Huawei unveils the latest Mate 60 Pro smartphone in a subdued event. Amid global supply chain concerns, the tech giant's move sparks optimism in semiconductor markets. Investors rally as Huawei's push for innovation fuels expectations of increased chip demand. The Mate 60 Pro launch, though low-key, sends a strong signal about Huawei's commitment to cutting-edge technology despite trade and regulatory challenges. This resilient stance reverberates in stock markets, elevating chip manufacturers as stakeholders anticipate a potential surge in production orders. As Huawei navigates complexities, its new smartphone release significantly impacts both the tech industry and investment landscape.
Reuters
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