Huawei unveils its first 5G chip in a challenge to Qualcomm and Intel

• Huawei unveiled its first chip to enable mobile devices to access 5G internet speeds at the Mobile World Congress in Barcelona.
• The chipset is called the Huawei Balong 5G01.
• Huawei claims that it's the world's first commercial chipset that meets 5G standards.
• Richard Yu, the head of Huawei's consumer business group, said the company is aiming to launch a 5G phone with the new chipset in the second half of the year.

Richard Yu, CEO of Huawei's consumer business group, presents the company's new 5G chipset called Balong 5G01 at Mobile World Congress in Barcelona on Sunday, February 25, 2018.

Arjun Kharpal | CNBC

Huawei on Sunday unveiled its first chip to enable mobile