Huawei in major league of chip buyers

Huawei Technologies Co Ltd became the world's third-largest buyer of semiconductors last year, with its expenditure on purchasing chips witnessing the largest growth among the top five companies, according to a recent report by US-based research firm Gartner Inc.

The Chinese tech heavyweight spent over $21 billion on semiconductor chips last year, accounting for 4.4 percent of the total worldwide market. It increased its chip spending by 45.2 percent, jumping in front of Dell Inc and Lenovo Group Ltd to the third spot.

Three other Chinese companies, Lenovo, BBK Electronics Co Ltd and Xiaomi Corp, ranked in the top 10 semiconductor buyers in 2018, according to Gartner.