China's Huawei to Host Product Launch Event on Sept 25

FILE PHOTO: Pricing details of Huawei's Mate 60 Pro smartphones are seen on smartphones displayed at a Huawei store in Shanghai, China September 8, 2023. REUTERS/Aly Song/File Photo
FILE PHOTO: Pricing details of Huawei's Mate 60 Pro smartphones are seen on smartphones displayed at a Huawei store in Shanghai, China September 8, 2023. REUTERS/Aly Song/File Photo
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China's Huawei to Host Product Launch Event on Sept 25

FILE PHOTO: Pricing details of Huawei's Mate 60 Pro smartphones are seen on smartphones displayed at a Huawei store in Shanghai, China September 8, 2023. REUTERS/Aly Song/File Photo
FILE PHOTO: Pricing details of Huawei's Mate 60 Pro smartphones are seen on smartphones displayed at a Huawei store in Shanghai, China September 8, 2023. REUTERS/Aly Song/File Photo

China's Huawei Technologies said on Thursday it will hold a media event to discuss new products on Sept. 25, fanning expectations that details about recently released smartphones will be revealed.

Its Mate 60 series is in the spotlight - both for the use of a China-made advanced chip and because the series likely marks the first major attempt by Huawei's smartphone business to come back from crippling US sanctions.

Reuters said that Huawei did not elaborate on the new products that will be discussed but domestic business daily Yicai reported that information about its latest phones will be disclosed.

Huawei started selling its latest high-end smartphones Mate 60 and Mate 60 Pro at the end of last month and last week it started presales for its Mate 60 Pro+ smartphone alongside a new foldable phone Mate X5.

The series' launch was unusual in that Huawei did not carry out any pre-marketing or organize a glitzy event. Even so, the phones have caused a stir, with the first sales coinciding with a trip to China by US Commerce Secretary Gina Raimondo and because the Pro version was found to be using a 5G-capable chip made by a Chinese company.

How Huawei's phones will fare against Apple at a time of heightened US-Sino tensions will be of much interest to investors and China watchers.

The launch of Apple's iPhone 15 series this week has drawn mixed reactions in China - the company's third-largest market - with many online users liking its faster chip and improved gaming capabilities while others preferred Huawei's new smartphone.

Further denting Apple's sheen in China, the government has expanded curbs on the use of iPhones by state employees, with some told not to use them at work.

The state-backed Securities Times this week reported that Huawei had raised its Mate 60 series second-half shipment target by 20% due to better-than-expected sales.

Huawei, once the world's largest smartphone maker, saw that business decimated after the US started restricting tech exports to the company in 2019.
The US and other Western governments have labelled Huawei a security risk, a charge the company denies. Since then, Huawei has only sold limited batches of 5G models using stockpiled chips.



Samsung Electronics Denies Report That It Is Exploring US Listing

The logo of Samsung Electronics is seen at the company's store in Seoul, South Korea, April 15, 2025. (Reuters)
The logo of Samsung Electronics is seen at the company's store in Seoul, South Korea, April 15, 2025. (Reuters)
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Samsung Electronics Denies Report That It Is Exploring US Listing

The logo of Samsung Electronics is seen at the company's store in Seoul, South Korea, April 15, 2025. (Reuters)
The logo of Samsung Electronics is seen at the company's store in Seoul, South Korea, April 15, 2025. (Reuters)

Samsung Electronics denied on Tuesday a report that it was in the early stages of exploring a potential US offering of American Depositary Receipts (ADRs).

"Samsung Electronics is not reviewing the possibility of issuing American Depositary ‌Receipts," a ‌Samsung spokesperson said in ‌a ⁠statement.

On Tuesday, Bloomberg ⁠News reported that Samsung has held preliminary discussions with banks, but has not yet made a decision about whether to proceed, ⁠citing people familiar ‌with the matter, ‌adding that the discussions might ‌not result in a listing.

The ‌South Korean chipmaker previously reviewed the possibility of an ADR offering before ultimately deciding against ‌it, though the successful US listing of SK ⁠Hynix has ⁠given Samsung fresh motivation to revisit the idea, the report said.

Last week, rival SK Hynix priced its ADRs at $149 each, raising about $26.5 billion in the largest-ever US listing by a foreign company.


China Smartphone Shipments Fall for Fifth Straight Quarter as Costs Rise

A customer looks at a new Huawei Pura 70 series smartphone, as the series models go on sale at a Huawei's flagship store in Beijing, China April 18, 2024. (Reuters)
A customer looks at a new Huawei Pura 70 series smartphone, as the series models go on sale at a Huawei's flagship store in Beijing, China April 18, 2024. (Reuters)
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China Smartphone Shipments Fall for Fifth Straight Quarter as Costs Rise

A customer looks at a new Huawei Pura 70 series smartphone, as the series models go on sale at a Huawei's flagship store in Beijing, China April 18, 2024. (Reuters)
A customer looks at a new Huawei Pura 70 series smartphone, as the series models go on sale at a Huawei's flagship store in Beijing, China April 18, 2024. (Reuters)

China's smartphone shipments fell 4.3% to 66 million units in the second quarter from a year earlier, as many manufacturers hiked prices to ‌reflect rising memory ‌and component costs, research firm ‌IDC ⁠said on Tuesday.

It ⁠was the fifth straight quarterly decline, and first-half shipments were down 4.2% from a year earlier.

Huawei Technologies and Apple were the only vendors to post growth in the quarter, with shipments up 19.4% and 24.4%, ⁠respectively.

"Huawei and Apple held their ‌prices steady while ‌competitors were raising theirs, and that gave hesitant buyers ‌a reason to go ahead and purchase ‌in a quarter when most of the market was giving them a reason to wait," said Arthur Guo, a senior analyst at IDC China.

Huawei ‌ranked first with a 22.6% market share, while Apple came second with ⁠an ⁠18.1% share. Xiaomi , which ranked fifth, saw its second-quarter shipments down 21.7%, with Oppo and Vivo seeing shipments fall 9.7% and 11.4%, respectively.

Most Android vendors raised prices or cut back on budget models in response to surging memory chips and other component costs, discouraging consumers from upgrading. The fading effect of government subsidies also removed a prop that had supported demand in earlier quarters, IDC said.


Meta Expands Louisiana Data Center to 5 Gigawatts Compute Capacity

FILE PHOTO: The logo of Meta at the Meta Lab in Los Angeles, California, US, May 20, 2026. REUTERS/Daniel Cole/File Photo
FILE PHOTO: The logo of Meta at the Meta Lab in Los Angeles, California, US, May 20, 2026. REUTERS/Daniel Cole/File Photo
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Meta Expands Louisiana Data Center to 5 Gigawatts Compute Capacity

FILE PHOTO: The logo of Meta at the Meta Lab in Los Angeles, California, US, May 20, 2026. REUTERS/Daniel Cole/File Photo
FILE PHOTO: The logo of Meta at the Meta Lab in Los Angeles, California, US, May 20, 2026. REUTERS/Daniel Cole/File Photo

Meta said ‌on Monday its data center in Richland Parish, Louisiana will expand to 5 gigawatts of compute capacity, in a bid to support the social media company's AI ambitions.

Since breaking ground in December 2024, local Louisiana businesses have received more than $1.6 billion ‌in contracts from Meta, ‌the company said.

Here ‌are ⁠some details:

* Meta ⁠said that the data center expansion is an investment of more than $50 billion in the Richland Parish region.

* Last year, US President Donald Trump ⁠had said the company's data ‌center project ‌would cost $50 billion.

* With this ‌expansion, the company said it ‌plans to invest over $1 billion in local infrastructure improvements, including roads, water and wastewater systems.

* Meta, like its ‌Big Tech peers, has been pouring billions of dollars into ⁠AI ⁠data centers and computing power, as demand continues to outstrip supply.

* The company has pledged to invest $600 billion in US infrastructure and jobs over the next three years, as it builds out massive data centers to power CEO Mark Zuckerberg's aggressive bets on AI agent technologies.