Get Latest Business News, Stock Market Updates and Videos Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. "Raimondo comes seeking to cool things down, and this chip is 'look what we can do, we don't need you,'" he said. But research firms told Reuters in July that they believed Huawei was planning a return to the 5G smartphone industry by the end of this year, using its own advances in semiconductor design tools along with chipmaking from SMIC.ĭan Hutcheson, an analyst with TechInsights, told Reuters the development comes as a "slap in the face" to the U.S. has restricted Huawei's access to chipmaking tools essential for producing the most advanced handset models, with the company only able to launch limited batches of 5G models using stockpiled chips. Mann Ki Baat: India-Middle East-Europe corridor will become basis of world trade for centuries, says PM Modi
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