Huawei consumer business group officially launched its high-performance flagship model, the "Huawei Ultimate," in Korea.
Huawei is expected to dethrone Samsung and take the No.1 spot in the foldable smartphone market in the first half of this year, according to market tracker DSCC on Monday.
Huawei Korea CEO Balian Wang hinted that the company might step up cooperation with LG Uplus, Korea's third-largest mobile carrier, calling it one of its "important global clients."
Samsung Electronics has made its case that it never traded with Huawei after the 2020 U.S. sanctions, following the report that some of its chips are in the phones sold by the Chinese manufacturer.
To stay in the lead, Korea must continue to churn out more advanced chips. Korea can only run faster when it beats the competition.
U.S. Commerce Secretary Gina Raimondo said Tuesday the final version of the so-called guardrails that limit production expansion in China will be ready within a few weeks, alarming Korean chipmakers running factories in China.
The U.S.-China tech war is heating up again after Huawei Technologies released the Mate 60 Pro in August.
Huawei's Mate 60 Pro showcases China's progress in chip technology but also reveals its limitations due to U.S. sanctions.
SK hynix shares nosedived by 4.05 percent Friday upon news that Huawei’s newest smartphones contain the Korean company's microchips, with investors fearing possible U.S. sanctions.
SK hynix said Thursday that the company was not aware that its mobile memory chips were used in the newest smartphone from China’s Huawei, stressing it has begun an internal investigation.
Korea JoongAng Daily Sitemap
