Start United States USA — IT Huawei’s Stealth Phone Launch Energizes Chinese Chip Stocks

Huawei’s Stealth Phone Launch Energizes Chinese Chip Stocks

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(Bloomberg) — Chinese technology shares surged Wednesday after Huawei Technologies Co. surprised investors by debuting a 6,999 yuan ($960) smartphone, buoying hopes for advances in domestic chip and mobile technology despite US sanctions.Most Read from BloombergCitadel Vets 69,000 Intern Applicants to Find Next Math GeniusesPutin Agrees to Visit China in First Trip Since Arrest WarrantCrypto Scores Landmark US Legal Win With Grayscale ETF RulingWhat to Do With a 45-Story Skyscraper and No Tenan
Chinese technology shares surged Wednesday after Huawei Technologies Co.

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