Huawei will sell Honor to be able to enter US market. Huawei is in negotiations to sell part of Honor’s business. The main interested party is Digital China Group Co Ltd, the main distributor of Honor’s phones in China and the agreement could reach the value of about 3,2 million dollars.
It is not specified that which sections of Honor will be on sale, but they named both the brand itself, Honor, as well as supply chain and technology.
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Huawei will sell Honor to be able to enter US market
The goal behind this move is to make Honor independent from Huawei and this way they can dodge the veto of the Trump administration. This maneuver is not the first time it has appeared on the table. Analyst Ming-Chi Kuo explained that “if Honor is independent of Huawei, his purchase of components will no longer be subject to the US ban on Huawei. This will help Honor’s smartphone business and suppliers.
Huawei will sell Honor to be able to enter US market. This move would allow, if the United States does not make changes, Honor to be able to purchase components that are currently banned from being associated with Huawei. The information was initially published by the analyst at ITHome and subsequently removed. The statements can still be visited through Google Caché that the negotiations are taking place.
