Huawei supplier shares jump amid China chip self-sufficiency push

Some stocks rise more than 400% since rollout of new 5G-capable phone

20231004 Huawei

The release of Huawei's first new 5G phone using homegrown chips has been a boon for the shares of the Chinese smartphone maker's suppliers. (Nikkei montage/Source photo by AP) 

CHENG TING-FANG and CISSY ZHOU, Nikkei staff writers

TAIPEI/HONG KONG -- Little-known tech suppliers have become a surprise hit on the Chinese stock market after Huawei Technologies defied a U.S. clampdown to release its first 5G-capable smartphone in years.

Electronics, component and equipment suppliers to the national tech champion have seen their shares rise sharply -- some more than 400% -- since the Mate 60 Pro went on sale in late August. Other issues got a boost after Huawei introduced tablets, smart wearables and displays, automotive platforms and AI computing solutions in September.

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