Jefferies analysts predict Apple's shipment volumes to China will see double digits declines in 2024

China's Alibaba and Tencent have reportedly told Nvidia that they will be switching to domestic firms such as Huawei for some advanced chip orders

The Chinese tech giant plans to focus on its device business over the coming year, while increasing the efficiency of its overall operations to counter geopolitical uncertainty

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

The firm are reportedly committed to the factory plan regardless of a number of European bans on the use of 5G equipment made by Huawei and China's ZTE

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

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

Chinese smartphone buyers opted for handsets like Huawei's Mate 60 over Apple’s latest iPhone 15 during the two-week shopping festival

Huawei saw its sales surge 83% in the first four weeks of October, according to data from Hong Kong-based research firm Counterpoint

Chinese tech firms have historically relied on sector leader Nvidia but Washington’s tech curbs have prompted a shift away from the US firm

Patent applications filed by Chinese companies have surged in the last five years since the US began its tech curbs campaign