Huawei’s upcoming Mate 70 series flagship smartphone, which was previously rumored to be released in September, could be delayed until November or later. This potential delay could affect the company’s performance in the Chinese smartphone market.

According to the latest data from the Taiwan Semiconductor Industry Association (TSIA), Taiwan’s semiconductor industry is gradually recovering from the downturn it faced in 2023 as it moves into 2024. However, some companies continue to struggle with inventory adjustments, resulting in slower growth for certain end products.

In recent years, business for joint venture automakers in the Chinese market is no longer smooth sailing, facing increasing challenges. As a result, many have adjusted their local operations.