Huawei may launch mid-range 5G phone; chip breakthrough poses questions for US

News Snapshot:

Huawei Technologies may launch a mid-range 5G phone as soon as October, Reuters reported citing Chinese news outlet IT Times. The move could be another sign that the Chinese tech giant is overcoming U.S. sanctions. The Chinese company once was in race with Apple (NASDAQ:AAPL) and Samsung (OTCPK:SSNLF) to be the world's biggest handset maker until U.S. restrictions, starting in 2019, began to curb its access to chip manufacturing tools needed for producing its most advanced models. The company may launch a 5G version of its mid-ranged Nova around October or November, the report added IT Times citing industrial supply...