Huawei may sell Honor smartphone brand [Video]

Huawei is set to sell much of its Honor smartphone brand, according to Reuters sources.

Battered by U.S. sanctions, the Chinese firm is reportedly rethinking its priorities.

It wants to focus on its high-end phones, and ditch the budget-focused Honor offering.

The assets to be sold have yet to be decided, but could include the brand, research and development facilities and other units.

That could raise up to 3.7 billion dollars.

The front-runner for the acquisition is seen as Digital China Group.

It’s the main distributor for Honor phones.

But other contenders include electronics maker TCL and rival smartphone brand Xiaomi.

There was no immediate comment on the reports from Huawei or Digital China.

The Honor brand accounts for about a quarter of Huawei’s phone shipments.

But analysts say profit margins at the budget end of the market are razor thin.

Honor phones compete with value brands including Xiaomi, Oppo

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Huawei discussing $3.7 billion sale of parts of Honor business: Report

  • Huawei is in talks with Digital China Group and other buyers to sell parts of its Honor smartphone business, Reuters reported.
  • The deal could be worth up $3.7 billion, a person familiar with the matter told Reuters.
  • The Chinese tech giant, facing heavy US sanctions, wants to concentrate on its high-end Huawei phones from now on, sources said.
  • Other potential buyers include smartphone maker Xiaomi and TCL Technology, the report said.
  • Visit Business Insider’s homepage for more stories.

Huawei is in talks to sell parts of its Honor smartphone business in a deal which could fetch up to 25 billion yuan ($3.7 billion), Reuters reported. 

Huawei, which faces heavy sanctions in the US, wants to step away from developing its low-cost Honor phones and instead concentrate on high-end Huawei devices, according to people familiar with the matter.

Digital China Group, the main distributor for Honor smartphones, is the frontrunner to

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Huawei is in talks to sell part of its Honor smartphone unit

honor 30 pro plus review rear in hand

  • Huawei is reportedly in talks to sell off parts of its Honor unit.
  • It’s believed that Digital China, TCL, and Xiaomi are interested in the deal.

US sanctions against Huawei mean that the company’s smartphone business has suffered in a big way. Between its crippled in-house chipset division and the lack of Google support, it’s becoming increasingly tough for the firm to keep producing phones.

These troubles extend to its Honor sub-brand too, but Reuters now reports that Huawei is in talks to sell off parts of the Honor business in a deal potentially worth up to 25 billion yuan (~$3.7 billion).

The report, citing “people with knowledge of the matter,” alleges that Honor’s brand, research and development infrastructure, and associated supply chain management business could be sold under the deal. However, the newswire’s sources caution that this hasn’t been finalized yet.

It’s believed that Huawei will focus on higher-end

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

By Julie Zhu

HONG KONG (Reuters) – Huawei Technologies Co Ltd is in talks with Digital China Group Co Ltd <000034.SZ> and other suitors to sell parts of its Honor smartphone unit in a deal that could fetch up to 25 billion yuan ($3.7 billion), people with knowledge of the matter said.

Embattled Huawei is resetting its priorities in the face of U.S. sanctions and will focus on its higher-end Huawei phones rather than the Honor brand which is aimed at young people and the budget conscious, they said.

The assets to be sold have yet to be finalised but could include Honor’s brand, research & development capabilities and related supply chain management business, two of the people said.

The deal may be an all-cash sale and could end up smaller, worth somewhere between 15 billion yuan and 25 billion yuan, one of the people said.

Digital China, the main

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Huawei in talks to divest parts of Honor smartphone business, sources say

By Julie Zhu

HONG KONG (Reuters) – Huawei Technologies Co Ltd is in talks with Digital China Group Co Ltd <000034.SZ> and other suitors to sell parts of its Honor smartphone unit in a deal that could fetch up to 25 billion yuan ($3.7 billion), people with knowledge of the matter said.

Embattled Huawei is resetting its priorities in the face of U.S. sanctions and will focus on its higher-end Huawei phones rather than the Honor brand which is aimed at young people and the budget conscious, they said.

The assets to be sold have yet to be finalised but could include Honor’s brand, research & development capabilities and related supply chain management business, two of the people said.

The deal may be an all-cash sale and could end up smaller, worth somewhere between 15 billion yuan and 25 billion yuan, one of the people said.

Digital China, the main

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For Honor Will Be Enhanced On Next-Gen Systems

For Honor will receive enhancements on next-gen consoles, Ubisoft has announced. The PS5 and Xbox Series X/S versions of the game will play at higher resolutions at launch, and a framerate boost is due in December, too.

At launch, the Xbox Series X and PS5 will be able to play For Honor at 4K resolution through backwards compatibility. On Xbox Series S, the game will be playable at 1080p. This is not a dedicated next-gen version, as such, but the current-gen version will hit the highest resolutions it can.

Player profiles, purchases, and inventory will also carry across to next-gen, meaning that you will be able to migrate fully over to your new console at launch without fear of leaving anything behind.

In December, an update will also enable 60 FPS gameplay for all next-gen systems, including the Series S. The game has previously had a locked 30 FPS framerate

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SURVEY: Should the gym at the High School of Science and Technology be named in honor of the late Kamari “Coach” Williams?

Posted: Updated:

SPRINGFIELD, Mass. (WWLP) – The Springfield Public Schools School Committee is looking for the public’s input on naming a high school gym in honor of their head coach who passed away in April.

Springfield Public Schools spokesperson Azell Cavaan told 22News, the late Coach Kamari Williams served as Head Coach of the men’s varsity basketball team at the High School of Science and Technology from 2014 until his death in April of 2020.

Williams was also an adjustment counselor at Springfield High School and was formally a math teacher at the High School of Science and Technology.

High School of Science and Technology Principal Kevin Lalime thanked the School Committee for taking on the initiative. “There’s nothing we want more as a school community, than to ensure that the legacy of Coach Williams 

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Sammies awards for federal workers honor science

Anthony S. Fauci, director of the National Institute of Allergy and Infectious Diseases, was named Federal Employee of the Year during the program sponsored by the Partnership for Public Service, a nonprofit think tank that promotes good government and federal employees.

His selection and the honoring of other government scientists amounted to an understated, if unintended, rebuke to a Trump administration known for undermining science when it doesn’t fit the preferred political narrative.

While there has “always been some degree of political friction” in the numerous high-profile public health efforts he has participated in, Fauci, without mentioning President Trump during a telephone interview, said the current level of politics in science “definitely supersedes any of the other ones.”

All the honorees “represent the many exceptional federal employees who have proudly and passionately dedicated their lives to making a difference for our country and our world,” said a statement by Max

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Chris Wallace: Trump arrived too late to be tested in Ohio before debate, relied on ‘honor system’

Fox News anchor Chris WallaceChristopher (Chris) WallaceTrump: ‘I condemn all white supremacists’ McConnell: Next Trump-Biden debate should be more respectful Hillicon Valley: Senate panel votes to subpoena Big Tech executives | Amazon says over 19,000 workers tested positive for COVID-19 | Democrats demand DHS release report warning of election interference MORE said President TrumpDonald John TrumpPresident Trump, Melania Trump test positive for COVID-19 Trump, first lady to quarantine after top aide tests positive for coronavirus Secret recordings show Melania Trump was frustrated about criticism of Trump 2018 border separation policy: CNN MORE did not arrive in Cleveland ahead of the first presidential debate in time to get tested in Ohio before the event took place. 

Wallace, who served as the moderator for the event, said the president “didn’t arrive until Tuesday afternoon” in Cleveland to face off against Democratic nominee Joe BidenJoe BidenPresident Trump, Melania Trump test

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The Nobel Prizes Have a Diversity Problem Worse Than the Scientific Fields They Honor | Best Countries

In 2007, I served as a consultant for the Royal Swedish Academy of Sciences’ deliberations about the Nobel Prize in Chemistry. As a result, I was invited to attend the Nobel ceremonies. Staying at the Grand Hotel with all the awardees, I got to see how scientists – excellent but largely unknown outside their fields – suddenly became superstars.

As soon as they’re announced annually in early October, Nobel laureates become role models who are invited to give seminars all around the world. In Stockholm for the awards, these scientists were interviewed on radio and television and hobnobbed with Swedish royalty. Swedish television aired the events of Nobel week live.

As a chemist who has also investigated how science is done, seeing scientists and their research jump to the top of the public’s consciousness thanks to all the Nobel hoopla is gratifying. But in the 119 years since the Nobel

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