Huawei chip unit event hints at breakthrough news amid U.S. ban: Report

Huawei HiSilicon Connect Conference will happen next month and it seems the company’s chip unit may announce breakthrough news at this event. The upcoming event has already started fueling speculations of success amid U.S. sanctions.

The Huawei HiSilicon Connect Conference will held from September 9-10 in Shenzhen. At this event, the company will talk about its solutions for semiconductors. It will also discuss factors that can accelerate the technological growth in China.

But ahead of this event, the chip unit is in talks about a breakthrough – officially forming a Huawei-centered tech ecosystem, from chip design to operating systems.

The new event has not only raised discussions among netizens but also resulted in surging stock prices. A HiSilicon products supplier – Shenzhen Huaqiang warned investors regarding ‘uncertainties’ for the upcoming new product launch event.

It stated so, following the unit’s stock price that increased by the daily limit of 10% last week. It also added that the company will redouble its efforts to promote and expand new HiSilicon products in the market. This again pushed the stock to a 10% increase.

Huizhong Instrumentation, which makes ultrasonic flow measuring devices using HiSilicon chips also saw a hike of 40% in its stock for two days last week. But the shares fell to 19% after it said that it doesn’t buy these SoCs directly from Huawei.

Huawei HiSilicon Chip (Image Credits: Huawei)

The Chinese OEM hasn’t commented on this topic so far. However, the upcoming HiSilicon event will likely open up big news related to the chip and its progress.

It will further shed light on Huawei’s long journey toward chip technology and breakthroughs. The company has come a long way for its chipset capabilities that it kept developing under the HiSilicon umbrella despite tightened U.S. restrictions.

Huawei and HiSilicon’s situation was immensely good before it was hit by the U.S. ban. The company used to hold a 16% share of the worldwide application processors in 2020 alongside Kirin chip shipment for Huawei devices. But this figure become zero by 2022 following the foreign trade export challenges and supply chain issues.

HiSilicon was even capable of competing with Intel and Qualcomm with its advanced tech. However, the table turned after the U.S. started eyeing the company. It seems things are once again on the verge of turning in favor of Huawei with a chip breakthrough.

Huawei company (Image Credits: Reuters)

[Source – SCMP]