On July 10, 2024, Huawei’s chip subsidiary HiSilicon launched its first Cat.1 IoT communication chip — the Hi2131 — officially entering the fast-growing cellular IoT market, which sees annual shipments exceeding 200 million units. Based on 4G LTE, Cat.1 offers a cost-effective, power-efficient, and widely deployable solution for mid-to-low-speed data scenarios, including shared mobility, smart security, wearables, and mobile payment devices.