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
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.
There are grim times ahead for big tech. Democrats are pushing for Congress to rein in firms such as Google, Apple and Facebook, while the EU has reportedly drawn up a list of 20 internet companies that will be subject to stringent new rules that curb their power.
At the weekend, Politico reported that the Justice Department and state prosecutors, who are investigating Google for alleged antitrust violations, are considering whether to force Google to sell its Chrome browser.
Chrome is by far the world’s most used browser, with almost 70% of the market on desktop computers and 64% on mobile, according to NetMarketShare.
If Google were forced to cleave its browser away from its advertising business, who would buy it? Here are some of the likely contenders:
Last week, California Governor Gavin Newson leaned over the hood of a Ford Mustang Mach-E and signed an executive order saying that all new passenger cars and trucks sold in the state must be emission-free by 2035.
(Reuters) – Micron Technology Inc has not yet obtained new licenses needed to sell its memory chips to China’s Huawei Technologies Co Ltd, which will cut its sales over the next two quarters, company executives said on Tuesday.
Boise, Idaho-based Micron, one of the world’s biggest makers of DRAM chips, said it had previously obtained licenses from the U.S. government to sell chips for mobile phones and servers from its factories outside the United States to Huawei, which has been the target of U.S. restrictions on chip sales since last year.
Huawei accounted for about $600 million of Micron’s $6.06 billion in sales for the fiscal fourth quarter ended Sept. 3, or just under 10%.
Back in January, medical device company Masimo levied a lawsuit against Apple, accusing the company of stealing trade secrets and improperly using Masimo inventions related to health monitoring in the Apple Watch.
Masimo is known for its pulse oximetry devices, and Apple just recently debuted the Apple Watch Series 6 with blood oxygen monitoring capabilities. Following the launch of the Series 6, Masimo has accused Apple of attempting to delay the legal proceedings in order to sell more watches and gain a more dominant share of the smart watch market.
As highlighted by Bloomberg, Apple has not officially responded to the original January lawsuit, instead filing requests to dismiss the trade secret part of the case and to have Masimo patents invalidated. Apple has asked the trial court to put the case on hold until the patent issue is resolved, which could take a significant amount of time.
U.S. chipmaking giant Intel (INTC) – Get Report has been granted a new set of licenses from the U.S. government to continue supplying some of its chips and other manufactured components to China’s Huawei Technologies.
An Intel spokesperson told Reuters that the Santa Clara, Calif.-based company has been given the nod to continue selling products to Huawei, which has been blacklisted from doing business with American companies amid ongoing tensions between the U.S. and Chinese governments.
U.S. officials have for more than a year argued it was necessary to place restrictions on Huawei because they see the company’s equipment embedded in U.S. telecom networks as posing significant national-security risks. Huawei has insisted from the get-go that it is not a threat.
However, amid heightened political tensions, the Commerce Department in mid-August imposed new, more stringent curbs, including requiring U.S. chipmakers like Intel and rival Qualcomm (QCOM)