The laptop — dubbed the Qingyun L540 — is powered by the Kirin 9006C chip, which uses 5nm process technology, company brochures and the laptop's web listing shows

The move by Huawei comes as global automakers in China increasingly seek to partner with Chinese carmakers

Big tech firms like Tencent and even smaller and upcoming Chinese AI players are accelerating chip product launches and organising more marketing visits

The state-backed fund is looking to support various elements of the semiconductor supply chain, including “design, equipment, components and raw materials,” state media says

US Commerce Secretary warns chip sector that Washington is set to “transform” its approach to export controls to stop firms like Nvidia from innovating specifically for the Chinese market

A bill requiring US companies to notify federal agencies of investment in Chinese technologies is opposed by a key lawmaker who believes Washington needs to invest more in its rival

“Passive investment will likely outpace active investment in China over the next three to five years at least,” one investment manager said

Huawei has said the new unit will engage in R&D, production, sales and service of intelligent automotive systems and component solutions

The closure of the lab is the latest internal change at Alibaba, which surprised investors earlier this month by scrapping its plan to spin-off its cloud business

The startup makes chips that can use ambient sources of electricity such as light or vibrations as a power source — potentially removing the need for batteries in simple devices

News of the delay follows analysts concerns around Nvidia’s plan to introduce three new chips for China, as developing new chips can be highly resource-intensive

While the Chinese president’s US visit didn't do much to ease the weight of Washington's chip sanctions on the world's second-largest economy, it did manage to score several brownie points