News Snapshot:
Huawei is considering selling its Honor unit for $15.2 Billion. Honor, which is a sub-brand to Huawei, and makes budget smartphones for the company is reportedly up for sale. The Korean tech giant plans to sell its unit for the whopping amount to an association handled by (Honor) handset distributor, Digital China. And, also to the Chinese government, sources familiar with the matter have clarified to Reuters. Honor Unit Purchase Deal According to the report, amidst the ongoing US restrictions on Huawei, the company is gearing to shift its focus on more premium smartphones, which the Honor doesn’t make. In...
