Huawei’s latest smartphone, the Mate 60 Pro, offers proof that China’s homegrown semiconductor industry is advancing despite the US ban on chips and chip making technology. The new Kirin 9000s chip in Huawei’s latest phone uses an advanced 7-nanometer processor fabricated in China by the country’s top chipmaker, Semiconductor Manufacturing International Corp. (SMIC), according to a teardown of the phone that TechInsights conducted for Bloomberg. Advertisement Huawei released the phone online last week but didn’t reveal key specifications such as the processor design or the wireless connection speeds. China’s chip stock s started rallying on the speculation that the Shenzhen-based…