Though chip stocks have had their ups and downs over the last few weeks, the Philadelphia Semiconductor Index (SOXX) has risen another 8% since the start of earnings season and made fresh highs.

Chinese tech giant Huawei is selling its first folding smartphone without Google apps or U.S.-made processor chips following sanctions imposed by Washington. The Mate X, which unfolds to 14.6 centimeters (5.8 inches) wide, went on sale Friday on Huawei’s online store in China priced at 16,999 yuan ($2,422). It competes with Samsung’s Galaxy Fold launched in September.