So the US might end up having faster processing in their mobiles for a while yet, but Chinese mobiles will compensate by being more mobile. We may see new and interesting battery inventions.. Great countermove to US chip dominance.

The other aspect that's worth keeping in mind is software. If Huawei focuses on optimizing the software side they can easily compensate for hardware being slower. Modern software is incredibly bloated, and there's plenty of low hanging fruit there.