"Meteoric rise"?
Meteors fall, not rise. They also tend to do so in a rather firey manner that often ends in an explosive & dramatic crater. See Tunguska.
A Chinese smartphone chip designer has come out of nowhere to take on capitalist rivals, though questions remain over whether the outfit can continue its meteoric rise amid financial troubles at its parent company. Unisoc makes chips including the SC9820E (Spreadtrum), a system-on-chip for low-end devices The Energizer E241S …
>Ziguang Zhanrui is filling a gap left by the decline of Huawei HiSilicon
Not so much. HiSilicon chips are mainly high spec, while Unisoc is in the value tier.
They're more likely picking up business from Mediatek's attempts to move upmarket, alongside Chinese networks efforts to move 2G/3G users onto 4G. The latter is significantly increasing the number of entry level 4G handsets being sold.
In our western society when a company's sales are depressed then the company's revenue drops, it can't pay its bills so facilities close and people get thrown out of work. So when Huawei's sales are suppressed they should be financially crippled, putting their assets out on the market at fire sale prices for some hedge fund to creatively liquidate. This is our playbook but not necessarily the Chinese one. Huawei represents a considerable resource in terms of people, facilities and IP and if you stop it producing under the "Huawei" banner then its likely to pop up in some form or another under a different name. Its only in the West that the financial system dominates our society to such an extent that its allowed to hurt us in the search for profit.