After a while, Huawei has finally seen a buyer for its budget technology brand to a coalition of buyers that includes major partners and even the local Shenzhen government. Reuters is reporting that Honor, the low-er end arm of Huawei’s sprawling tech conglomerate, will be sold in its completely for an all-cash price of $15.2 billion. Some other interested buyers include Digital China, a distributor, and Huawei partner, as well as private investors.
Conditions made in the deal mean that Honor would hold its own brand, research and development facilities, as well as its own supply chain. Well, I think they want to sell the company as a going concern so that it can be free from Huawei’s own influence, at least right now.
After some years of ever-tightening sanctions, Huawei is becoming something of a pariah in the west, blocked from working with several major partners. That involves Google, for the Google Play layer over Android and, crucially, TSMC, the Taiwanese chipmaker with bleeding-edge manufacturing capabilities.
It is possible that a sale will, at least in theory, mean that it can, once again, us US affiliated technology and software. If, at least, regulators are happy that there’s enough distance put between the company and its former parent.
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