Local governments in Shanghai and Anhui will fund a variety of semiconductor-related projects this year — ranging from the development of DRAM chips to building facilities for chipmaking and its tools

The 5nm tech will be used to produce chips for Huawei's new smartphones, and, if successful, could also be used for its AI chips

The tech giant alone invested $22.5 billion in new products in 2022, according to a European Commission report

The piece of tech powers advanced driver assistance systems and is key to Huawei's push to become a leading supplier of auto software

China has the potential to become the world’s largest market for autonomous vehicles, with total sales predicted to hit $230 billion by 2030

Jefferies analysts predict Apple's shipment volumes to China will see double digits declines in 2024

China's Alibaba and Tencent have reportedly told Nvidia that they will be switching to domestic firms such as Huawei for some advanced chip orders

The Chinese tech giant plans to focus on its device business over the coming year, while increasing the efficiency of its overall operations to counter geopolitical uncertainty

The laptop — dubbed the Qingyun L540 — is powered by the Kirin 9006C chip, which uses 5nm process technology, company brochures and the laptop's web listing shows

The move by Huawei comes as global automakers in China increasingly seek to partner with Chinese carmakers

The firm are reportedly committed to the factory plan regardless of a number of European bans on the use of 5G equipment made by Huawei and China's ZTE

Big tech firms like Tencent and even smaller and upcoming Chinese AI players are accelerating chip product launches and organising more marketing visits