After selling its Honor brand to give it more freedom, Huawei is reportedly in talks to sell its popular high-end handset brands P and Mate Series. It is indicated that these talks were initiated months ago but no final decision has been made, as Huawei is holding out hope of replacing foreign component suppliers with domestic ones to continue in the smartphone business.
Huawei is reportedly considering selling off its P and Mate Series handset brands
Huawei P and Mate series handsets brought in $39.7 billion during the third quarter of 2020 alone, even with brand sanctions well underway, which almost accounted for 40% of the company’s total sales.
After the sale of Honor, now this new independent company has closed deals with MediaTek and Qualcomm to stay in the smartphone market, while it closed deals with AMD, Intel, or Microsoft to also ensure its presence in the notebook market.
The solution to all of Huawei’s problems went through the Chinese foundry SMIC, which already mass manufactures Kirin 710A chips with its 14nm manufacturing process and was expected to start its 7nm this year, but the United States took action by putting the Chinese foundry on its blacklist of entities, which has limited its production capacity.
