Huawei

A domestic AI chip push by China looked to be bearing fruit, with various reports local manufacturer Cambricon Technologies is cresting a wave of anti-Nvidia moves and separate details of progress by Huawei involving server silicon.

Limited supplies of Huawei's tri-fold Mate XT smartphone spurred prices to more than double or treble in Shenzhen ahead of its official availability tomorrow (20 September), as resellers took advantage of surging demand.

Huawei unveiled its much-hyped tri-fold smartphone at a live-streamed event in Shenzhen, touting a slim design and "groundbreaking" capabilities with a starting price of CNY19,999 ($2,809).

Huawei reportedly booked 1.3 million orders in seven hours for its high-end tri-fold handset, which has since increased to three million ahead of official launch tomorrow.

Chinese giant Huawei revealed it will be launching a premium smartphone on 10 September, a day after Apple’s much-anticipated event in which the iPhone-maker is set to unpack a line of devices and new AI push.

Huawei recorded growth in the first half, driven by a continued recovery of its consumer business and progress in its intelligent automotive unit, which recently attracted a CNY11.5 billion ($1.6 billion) investment from EV player Avatr Technology.

Huawei unveiled a health monitoring system set to be included in its upcoming wearable products, a platform the company positions as a milestone in delivering accurate science-based fitness technology to device users.