Huawei sells Honor to Chinese firm after US cuts supply of chips


Source: business-standard.com business-standard.com

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Huawei sells Honor to Chinese firm after US cuts supply of chips Huawei will no longer hold any shares in Honor after the transaction Topics Type address separated by commas Your Email: Enter the characters shown in the image. Send me a copy: Huawei to sell Honor phone unit for $15 billion to Shenzhen government Huawei Technologies sold its Honor smartphone business to a Chinese government-backed consortium for an undisclosed amount, hiving off the entry-level devices arm after the Trump administration cut off its access to American technology. The consortium was formed by the Shenzhen Smart City Technology Development Group...