Core Viewpoint - Huawei's Kirin chips have officially returned with the launch of the Mate XTs Ultimate Design foldable phone, featuring the new Kirin 9020 processor, marking the first mention of Kirin chips in a product launch since 2021 [3] Group 1: Product Launch and Technology - The Kirin 9020 processor is a significant highlight of the new foldable phone, showcasing Huawei's return to the chip market after a four-year hiatus [3] - The Kirin 9020 is expected to utilize a 7nm process node, with ongoing improvements to enhance performance beyond this node [3] - The new processor is paired with the HarmonOS 5 operating system, offering a 36% performance increase compared to the previous generation Kirin chips [3] Group 2: Market Position and Growth - Counterpoint Research predicts that Huawei's semiconductor division, HiSilicon, will see a 100% revenue growth in 2024, driven by the success of the Pura 70 and Mate 70 smartphones [4] - HiSilicon's market share in the global high-end Android smartphone chip market is expected to rise from 8% in 2023 to 12% in 2024, while Qualcomm maintains a leading position with 59% [4] - The resurgence of HiSilicon is attributed to the Kirin processors used in high-end models like Mate 60, Pura 70, and Mate 70 [4] Group 3: Challenges and Strategic Direction - Huawei's devices lack Google Mobile Services, which continues to impact its international influence and limits HiSilicon's potential global market share [5] - The company is pursuing a self-sufficiency strategy in technology, aiming to reduce reliance on foreign technology amid increasing international restrictions [5] - HiSilicon's revenue has doubled, demonstrating resilience against external challenges, but sustaining this growth will require innovation beyond smartphones [5]

Group 1 - UBS Wealth Management's report highlights the importance of achieving technological self-sufficiency in China, especially in the context of U.S. technology export controls [1] - China is expected to see strong growth in AI computing investments, with self-sufficiency in AI computing projected to rise from 33% in 2024 to 90% by 2029, increasing local AI computer market value from $6 billion to $81 billion [1] - Global AI spending is forecasted to grow by 60% this year to $360 billion, with an additional 33% increase expected by 2026, reaching $480 billion [1] Group 2 - UBS believes that if tariff conditions improve, tech stocks could benefit from strong earnings growth of 12% or more, supporting a continued recovery [2] - The impact of new tariffs from the Trump administration has not yet been fully reflected in inflation data, with potential inflation effects becoming more apparent as inventory levels decrease [2] - The temporary suspension of retaliatory tariffs between the U.S. and China is expected to help limit inflation by reducing import costs and avoiding supply chain damage [2]