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Huawei, a Chinese tech giant in the telecom sector, announced securing 46 5G commercial contracts in 30 countries and shipping over 100,000 5G base stations. They plan to invest over 10 billion yuan in 5G research and development, supporting Chinese telecom carriers in developing domestic 5G networks. Foreign companies like Qualcomm are also participating in China's 5G commercialization, providing support for network development and supplying chips with 5G technology to Chinese smartphone makers. Qualcomm will also enhance the Internet of Things with suitable processors.