logo
Huawei showcases its new tri-foldable phone

Huawei showcases its new tri-foldable phone

Reuters04-03-2025

Huawei's new tri-foldable phone, the Mate XT Ultimate, was among the latest tech innovations at the Mobile World Congress in Barcelona, Spain. Andreas Zimmer, the Head of Product at Huawei, said this is the first commercially available tri-fold smartphone.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Tech shares climb after strong Nvidia results despite warning over rise of Chinese rivals
Tech shares climb after strong Nvidia results despite warning over rise of Chinese rivals

The Guardian

time29-05-2025

  • The Guardian

Tech shares climb after strong Nvidia results despite warning over rise of Chinese rivals

Technology shares climbed on Thursday, buoyed up by strong results from Nvidia, despite the AI chip company's boss warning over the rise of Chinese rivals. The Stoxx Europe tech index rose by 0.8% on Thursday as a result of Nvidia's financial report, with the Dutch semiconductor equipment maker ASML rallying by 2.4%. In the US, futures for the tech-focused Nasdaq climbed 2%, while shares in Nvidia itself jumped 6% in pre-market trading. The boost to tech and artificial intelligence stocks came hours after Nvidia beat Wall Street forecasts, with quarterly revenues jumping 69% to $44bn (£32.6bn). The company also said it expected deals in the Middle East to start to fill a gap left by the loss of Chinese business. In April the US president, Donald Trump, said that he was restricting AI chip exports to China, in effect barring Nvidia from selling its H20 AI chips to Chinese firms and blocking a major source of its revenue. Nvidia's chief executive, Jensen Huang, warned that Chinese rivals were benefiting from the void left by US firms being forced to abandon the market due to US trade restrictions. 'The Chinese competitors have evolved,' Huang told Bloomberg Television. He added that Huawei, which had been blacklisted by the US government, had become 'quite formidable'. 'Like everybody else, they are doubling, quadrupling capabilities every year,' Huang said. 'And the volume is increasing substantially.' While the US government policy is meant to keep AI technologies out of the hands of Chinese actors, Huang said local firms are simply finding other options. 'You cannot underestimate the importance of the China market,' Huang said. 'This is the home of the world's largest population of AI researchers.' Nvidia said it expects to miss out on $8bn in revenue in the second quarter as a result of Trump's trade restrictions. Tech investors were also optimistic after a US trade court ruled against Trump's sweeping tariffs regime, in a move that could ultimately block the president's sweeping trade levies. But there is further uncertainty ahead, with the White House having already filed an appeal against the decision, issued by judges from the New York-based court of international trade. Meanwhile, shares in Tesla, another leader in artificial intelligence technology, rose 2.6%, after the company's chief executive, Elon Musk, confirmed he would formally leave his role in the Trump administration. Musk has been leading the 'department of government efficiency' (Doge) since January, which ruthlessly cut state spending across a number of public departments and agencies. He announced in April he would be stepping back after seeing Tesla's earnings plunge and failing to win a supreme court race in which he spent millions of dollars supporting a Republican candidate.

China mulling new economic policy tools, Premier Li says
China mulling new economic policy tools, Premier Li says

Reuters

time26-05-2025

  • Reuters

China mulling new economic policy tools, Premier Li says

BEIJING, May 26 (Reuters) - China is weighing new policy tools in the face of an international economic and trade order that is "under severe impact", Chinese Premier Li Qiang told a symposium with Chinese firms in Jakarta over the weekend. "The fragmentation of industrial and supply chains has deepened, and trade barriers have increased, which has had a great impact on the economic development of all countries," state news agency Xinhua reported on Sunday, citing Li. China is studying new policy tools, including some "unconventional measures", which will be launched as the situation changes, the Chinese premier said. Li also said China will continue strengthening economic cooperation with more countries to support the overseas business development of Chinese enterprises. Huawei, SAIC Motor and New Hope Group were among the Chinese companies at the symposium. Li is on a three-day visit to Indonesia until Monday and will then travel to Malaysia for the ASEAN-GCC-China Summit.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store