Huawei Technologies announced on Monday that it expects to produce industry-leading semiconductors within five years using new technology, highlighting Beijing's drive to overcome U.S. sanctions that have hampered China's ability to develop advanced chips.

Huawei, in a semiconductor symposium in Shanghai, said its high-end chips will have ⁠transistor density equivalent to 1.4-nanometre processes by 2031, but did not provide independent performance data.

The target is significant as China's most advanced proven chipmaking capability is widely seen at around 7 nanometres, while 1.4 nm is expected to be close to the global frontier for advanced chipmaking around the end ​of the decade.

China is generally viewed as unlikely to reach that level through conventional manufacturing alone because Washington ​has restricted ⁠its access to advanced lithography tools and other key semiconductor technologies.

Taiwan's TSMC, the world's largest producer of the most advanced chips, currently uses a 2-nm manufacturing technology and plans to introduce a 1.4-nm process for mass production in 2028.