MANILA -- China's Huawei said Tuesday it launched a processor and a device both powered by 5G, ahead of its new smartphones that will support the next generation mobile standard.

The Balong 5000, which can run on smartphones as well as on home and vehicle-mounted devices, allows download speeds of up to 6.5 Gbps or 10 times faster than 4G LTE, Huawei said in a statement.

The first 5G powered smartphones from the Shenzhen-based technology giant will be released at the Mobile World Congress in Spain in late February, according to the statement.

The 5G CPE Pro, powered by the Balong 5000, can deliver speeds of up to 4.8 Gbps to homes and small businesses, Huawei said. On 5G, with the CPE Pro, users can download a 1-GB HD video clip in 3 seconds, the company said.

The Balong 5000 is also the world's first chipset that can be used on standalone 5G networks and those built on 4G infrastructure, Huawei said.

"Building on these strengths, as the leader of the 5G era, we will bring an inspired, intelligent experience to global consumers in every aspect of their lives," Huawei consumer business group CEO Richard Yu said during the launch in Beijing.

In the Philippines, both Globe and PLDT Inc have tapped Huawei in their shift to 5G.

• 5G connectivity, AI figure prominently in Mobile World Congress

• 5G: a revolution not without risks

Huawei is rolling out its 5G products as it fights allegations that it is spying for Beijing. It's founder, Ren Zhengfei, said on Jan. 15 that he "will never do anything to harm any country in the world."

Ren dismissed fears over the security of Huawei equipment, saying "no law in China requires any company to install mandatory backdoors" and added the company had had "no serious security incidents."

In Washington on Monday, the US Justice Department unveiled 13 charges against Huawei CFO Meng Wanzhou -- the daughter of the company's founder who is currently out on bail in Canada -- and three affiliates related to violating US sanctions on Iran.

Meng, who started as a secretary in her father's company, has also denied wrongdoing.