Raimondo tells '60 Minutes' that China is still years behind the U.S

Commerce Secretary Gina Raimondo downplayed China-based Huawei Technologies' latest microchip breakthrough, arguing that the U.S. remains years ahead. China is still years behind the United States despite Huawei's breakthrough chips, she says. China-born Huawei Technologies is the world's biggest chipmaker.

Commerce Secretary Gina Raimondo says Huawei's latest phone shows China remains behind on chip technology. Raimond: Huawei's chip breakthrough shows China is years behind US tech. In an interview with CBS News’ 60 Minutes, she said Huawei’s chip breakthrough shows that China is behind the US.

Huawei's earnings for 2023 swelled by 144.5 per cent to £9.54billion compared to a year earlier. The Chinese telecommunications giant said its earnings for the year 2023 had doubled. It shrugged off US sanctions as it shrugged off the threat of US sanctions.

Revenue at Chinese telecom rose 10% as net profit more than doubles. Huawei shrugs off U.S. sanctions with fastest growth in four years. Net profit at Huawei more than doubled to more than double in the last three years. Revenue at Huawei rose 10%, net profit was more than half the previous year.