Huawei Stealth $960 Phone Launch Energizes China Chip Stocks

The surprise launch of a sophisticated $900-plus Huawei Technologies Co. smartphone has captivated China’s technology industry, inspiring hopes that the country’s biggest firms can overcome US sanctions seemingly designed to thwart their ascendancy.

The slim-bezeled Mate 60 Pro, which appeared this week for sale on online malls with little fanfare, ignited buzz among Chinese online users who saw in the gadget Huawei’s resurgence after years of fighting American curbs on software and circuitry. Many posted screenshots and videos of the gadget’s fast wireless performance, triggering speculation Huawei had managed to achieve 5G capabilities.

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