Chinese tech giant Huawei on Monday launched the Mate XT 2 tri-fold smartphone powered by the new Kirin 9050 Pro chip, the first high-performance processor to use logic folding technology.

Huawei unveils the Mate XT2 foldable smartphone, enhancing competition with Xiaomi and Apple in the premium handset market.

Mate XT2 launch comes as Apple set to soon release its first foldable iPhone