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Huawei Technologies Co.s Mate 60 Pro smartphone shows “significant progress” in Chinas domestic design and engineering of radio-frequency chips, according to the latest findings from research firm TechInsights. Importantly, the advances in chip design suggest Huaweis hardware is capable of competing with the worlds best, even without access to US suppliers. Radio-frequency chips manage a smartphones communication with base stations that link to the internet, a core function for any device.

Huawei's new Mate 60 Pro smartphone showcases significant progress in the development of indigenous radio-frequency chips, reducing dependence on U.S. suppliers and marking a notable advancement in China's self-reliance in 5G technology.

Wednesday’s meeting in San Francisco will mark a crucial moment in what is Xi’s first visit to the US since 2017, when he met with the then-President Donald Trump.

Shares of semiconductor companies fell Monday, with the industry selling off globally after fresh U.S. curbs on China’s access to American technology added to a disappointing start to the earnings season, stoking concern that the industry’s downturn is far from over.

US curbs on China’s access to American technology added to a disappointing start to the earnings season.