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Huawei has enjoyed a resurgence since the Mate's August debut, riding a wave of celebration around its ability to realize sophisticated semiconductor manufacturing despite escalating US technology export curbs. Its Pura 70 series sold out within two days of their launch, according to market checks conducted by Jefferies analysts led by Edison Lee.

Huawei's technological advancements and market dominance has posed a significant threat to Apple's iPhone in China. Despite US sanctions, Huawei's innovative high-end phones like the Mate 60 series continue to outperform Apple, leading to a decline in Apple's market share.

The Pura 70 series Huawei unveiled last week sports the Kirin 9010 processor, consultancy TechInsights found in a teardown of the device. That's a newer version of the Kirin 9000s made by Semiconductor Manufacturing International Corp. for the Mate 60 Pro, which alarmed officials in Washington who thought a 7-nanometer chip beyond China's capabilities.