How US chip curbs are ‘good news’ for Apple iPhone competitor in China

The US recently strengthened measures to limit the export of advanced AI chips to China. Reports indicated that this may force companies like Nvidia and AMD which are looking to expand by tapping the Chinese market to rethink their business strategy. But these restrictions may provide an opportunity for Huawei.

According to analysts, Huawei can expand in its $7 billion home market due to curbs on AI chips import. Notably, Huawei previously made Kirin smartphone
chipsets and it was among the major 5G equipment providers. After being banned by the US citing security concerns, the company was majorly restricted to its home soil and recently, it bounced back in the smartphone market dislodging Apple from the top spot.