Fri Sep 13 08:55:59 UTC 2024: ## Tech News Roundup: Huawei’s Tri-Fold Phone, NAND ASP Rise, and Intel’s Chips Act Dilemma

**London, September 13, 2024** – Electronics Weekly reports on key trends in the tech industry, highlighting significant developments in the past week.

**Huawei’s Tri-Fold Phone Garnering Attention:** Huawei’s upcoming Mate XT tri-fold phone has already received over 3 million pre-orders, surpassing even the anticipated iPhone 16 launch. The device, available in red and black, will hit stores on September 20th, adding to the crowded smartphone market.

**NAND Market Sees Positive Gains:** The NAND ASP (Average Selling Price) saw a significant 15% increase in Q2, driving overall NAND revenue to $16.796 billion. All NAND Flash suppliers reported profitability in the second quarter, with continued capacity expansion in Q3. The positive trend is expected to continue, with a projected 5% to 10% QoQ increase in NAND ASP for Q3.

**Intel’s Chips Act Funding Delays:** The US Chips and Science Act, aimed at revitalizing American semiconductor manufacturing, faces a crucial hurdle. Intel, the only US company with a plan to produce leading-edge logic ICs, has yet to receive any of the $19.5 billion in grants and loans promised under the Act. The delay, attributed to bureaucratic hurdles, raises concerns about the Act’s effectiveness.

**Chinese Unicorns on the Decline:** A report by Great Wall Strategy Consultants reveals a decline in the number of Chinese unicorns, falling from 192 in 2021 to 106 in 2023. This decrease is partly attributed to US restrictions on dollar funds investing in China, impacting funding for Chinese startups.

**Industry Uncertainty Persists:** Despite recent positive trends, industry experts remain cautious about the future. The volatile market, characterized by unexpected shifts in growth and decline, makes it difficult to predict the year’s overall trajectory.

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