Huawei and partner used US tech to make advanced chips

News Snapshot:

Huawei Technologies and its partner Semiconductor Manufacturing International (OTCQX:SIUIF) depended on U.S. technology to produce an advanced chip in China in 2023, Bloomberg News reported citing people familiar with the matter. Semiconductor Manufacturing International used gear from Applied Materials (NASDAQ:AMAT) and Lam Research (NASDAQ:LRCX) to make an advanced 7-nanometer chip for Huawei last year, the report added. Huawei surprised many in August 2023 by quietly launching its new phone, Mate 60 Pro. The company did not provide information on the power of the chip inside but people speculated that it could be using a 5G capable chip. The chip, reportedly...