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Based on ARM architecture, a design commonly used in smartphones and tablets, Kunpeng 920's power efficiency is 30 percent better than that offered by industry counterparts, which can greatly help reduce energy costs, Huawei said.

BUENOS AIRES - Argentine President Alberto Fernandez on Wednesday compared the novel coronavirus (COVID-19) pandemic to "walking blindly through a swamp," given that new strains of the virus have been recently detected, raising questions about the efficacy of vaccines.

Banning Huawei using cybersecurity as an excuse "will do nothing to make networks more secure. It provides a false sense of security, and distracts attention from the real challenges we face," said Song Liuping, Huawei's chief legal officer. The company sued the US government in March.

Based on its stance on safeguarding national security, China reiterated its opposition to the deployment of THAAD in the ROK, and it at the same time took note of the positions made clear by the ROK and hopes that the ROK properly tackles the relevant issue, the release said.

Baidu will continue to be the company's controlling shareholder upon completion of the offering.