Just a few days ago, Huawei revealed its Mate XT smartphone with stunning specs in regards to its custom SOC, camera, and tri-fold display. The famous veteran Hong Kong actor, Andy Lau even made a promotional video for it.
This device is likely going to be a China-only release due to sanctions and the massive price tag that’s about $2,800 USD.
The most impressive component of the device in my opinion would be the folding display mainly because it’s made by BOE, a leading/cutting edge display ODM with its majority shareholder being the Beijing State-owned Capital Management Center.
To this day it really dumbfounds me that our leadership in the U.S. isn’t willing to take risks in investing or lending directly to companies like East Asian Countries have done with their respective key industries and national champions. Taiwan’s government spend about $400 million USD with TSMC in the mid 1980s and South Korea helped its chaebols with cheap loans which made cemented them as global leaders in shipbuilding, semiconductors, automobiles, etc.
Overall, I wish the typical American mindset wasn’t so fixed on viewing the government as inept that it fails to recognize potential opportunity costs of losing out on innovation and higher returns on investment for the nation.