Huawei to sell part of Honor phone business according to rumor

Source: Geeknetic added 17th Oct 2020

It seems that Huawei wants to get rid of part of the business of the phones of its second Honor brand, as announced by Reuters, Huawei could be in talks with a company called Digital China to sell part of its business of Honor phones for 3.7 billion dollars, although Digital China would not be the only interested party, other companies such as TCL or Xiaomi could also be interested in this operation to take over the business. A few days ago it was also announced by an analyst, but this has already been removed from the networks, we can consult the source in the Google cache. None of the involved wanted to confirm these data .

It is possible that Huawei is upset by the veto that the United States has against them, already that recently even the United States has prohibited the sale of chips from the manufacturer SMIC to Huawei , another of many. Thus, with this sale, the veto that most manufacturers have towards this brand by keeping it independent from Huawei could jump. In this way it could also manufacture high-end phones by being independent from Huawei.

This business would be beneficial for component vendors while allowing the Chinese industry to grow by giving unleash the brand and become independent from Huawei, Honor that was created in 2013 could now, if this is fulfilled, start its path as an independent brand .

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Antonio Delgado

Computer Engineer by training, editor and hardware analyst at Geeknetic since 2011. I love gutting everything that comes my way, especially the latest hardware that we get here for reviews. In my spare time I fiddle with 3d printers, drones and other gadgets. For anything here you have me.