Report: Huawei in talks to sell parts of its Honor smartphone business

According to the report by Reuters, Huawei Technologies Co Ltd is in talks with Digital China Group Co Ltd and other suitors to sell parts of its Honor smartphone unit in a deal that could fetch up to 25 billion yuan. The deal is said to be in the works.

The Honor brand was established by Huawei in 2013 but the business mostly operates independently from its parent. Instead, the parent company Huawei is going to concentrate on higher-end smartphones.

Huawei is running out of in-house chips

The report doesn’t reveal much about this deal. This is a tough situation for Huawei as US Government blocking companies to do business with Huawei and the company is trying hard to get back into the market with its own ecosystem that seems miserable. Despite in China, Huawei hasn’t announced new smartphones outside china that clearly indicates the company’s struggle.

Soon Huawei is going to annonce its new Huawei Mate 40 series smartphones. We should full details about this new deal in coming weeks.

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