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

Read More
Read More

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

Read More
Read More

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

Read More
Read More

Xilinx soars 17% on report rival AMD is in talks to buy it for $30 billion

A Xilinx sign is seen during the China International Import Expo (CIIE), at the National Exhibition and Convention Center in Shanghai
  • Chip producer Xilinx leaped as much as 17% on Friday after The Wall Street Journal reported Advanced Micro Devices is in talks to buy the firm for more than $30 billion.
  • A deal could come together as soon as next week and mark the latest major acquisition in the semiconductor industry, sources told The Journal.
  • Xilinx closed Thursday with a market cap of nearly $26 billion, making the potential takeover price an appealing prospect for shareholders.
  • Should the deal go through, it would fortify AMD’s standing in the communications technology space and help it better compete with rival firm Intel.
  • Watch Xilinx trade live here.

Chipmaker Xilinx surged as much as 17% on Friday after The Wall Street Journal reported Advanced Micro Devices is in talks to buy

Read More
Read More

AMD is in late-stage talks to buy rival chipmaker Xilinx: report

Advanced Micro Devices (AMD) is in late-stage talks geared toward acquiring rival processor giant Xilinx, reports suggest.

According to the Wall Street Journal, the discussion, now in “advanced” stages, could be valued at over $30 billion. 

The publication reported on Thursday that an agreement could be finalized as early as next week. 

However, sources close to the matter added that discussions had previously “stalled” before restarting, and so there is no concrete guarantee that an acquisition bid would be accepted or go ahead at all. 

See also: AMD unveils Ryzen 5000 processors, including ‘the world’s best gaming CPU’

Over this year, AMD has launched a variety of new processors including the AMD Radeon Pro 5000 gaming processors, Ryzen & Ryzen Pro 4000G, and the enterprise Epyc 7Fx2 series. 

The company has enjoyed a surge in share price over the past 12 months, rising from roughly $28 in October 2019 to

Read More
Read More

AMD Is Said to Be in Talks to Buy Rival Chipmaker Xilinx

(Bloomberg) — Advanced Micro Devices Inc. is in advanced discussions to buy Xilinx Inc. in a takeover that could be valued at $30 billion, according to people familiar with the matter.

Loading...

Load Error

The deal could come together as early as next week, though things remain in flux, the people said, asking not to be identified discussing a private deal. The Wall Street Journal first reported on the negotiations.

A combination with Xilinx would give AMD Chief Executive Officer Lisa Su more of the pieces needed to break Intel Corp.’s stranglehold on the profitable market for data-center computer components. It would follow moves by rival Nvidia Corp., which bought Mellanox Technologies Ltd. and aims to use its pending acquisition of Arm Ltd. to grab more of that business.

Acquiring Xilinx, which makes programmable chips for wireless networks, would also help AMD expand into a new market just as telecommunications carriers

Read More
Read More

EV startup Faraday Future in talks to go public through SPAC merger

By Ben Klayman

DETROIT (Reuters) – Electric vehicle startup Faraday Future aims to close a deal soon to go public through a reverse merger with a special-purchase acquisition company (SPAC), its chief executive said on Monday.

“We are working on such a deal … and will be able to announce something hopefully quite soon,” Carsten Breitfeld said of the possibility of a SPAC deal.

Breitfeld declined to say who Faraday is negotiating with or when a deal would close.

A SPAC is a shell company that raises money through an initial public offering to buy an operating entity, typically within two years.

SPACs have emerged as a quick route to the stock market for companies, particularly auto technology startups, and have proven popular with investors seeking to echo Tesla Inc’s <TSLA.O> high stock valuation.

Breitfeld, who joined the Los Angeles-based company as CEO last year, also said the company would

Read More
Read More

UnwanTED Talks in science & tech- The New Indian Express

Express News Service

CHENNAI: ‘You don’t love science, you’re looking at its butt when it walks away’ proclaims a favourite Cyanide & Happiness panel. But, Gururag Kalanidhi isn’t one of them. Going by the same panel, he is one of those people who truly love science — ones who “spend their lives studying the tedious little bits as well as the big flashy parts”. From dropping out of a course in Chemical Engineering to making a career (at least for now) in product marketing, his life has taken quite a few turns. Yet, his passion for science has seen him through all these transitions. It’s in the earnest interest to share this thirst for scientific conversations that led him to begin his project — unwanTed Talks. 

“The intention is to initiate conversations on science and technology,” begins the 27-year-old. “When you look at things like politics, there’s already a lot

Read More
Read More

Apple’s Tim Millet talks A14 Bionic, machine learning in new interview

Apple’s Vice President of Platform Architecture offers insight on the new A14 Bionic processor, the importance of machine learning, and how Apple continues to separate itself from its competitors in a new interview.

According to Apple, the A14 Bionic offers a 30% boost for CPU performance, while using a new four-core graphics architecture for a 30% faster graphics boost, compared against the A12 Bionic used in the iPad Air 3. Against the A13, the benchmarks suggest the A14 offers a 19% improvement in CPU performance and 27% for graphics.

In an interview with German magazine Stern, Apple’s Vice President of Platform Architecture, Tim Millet, offered some insight into what makes the A14 Bionic processor tick.

Apple's Tim Millet during the

Millet explains that while Apple did not invent machine learning and neural engines — “the foundations for this go back many decades” — they did help to find ways to accelerate the process.

Machine

Read More
Read More

CNBC: Tom Lydon Talks Tech Success Despite Lack Of Clear Trend

Looking at the various events of the week that revolve around the approaching general election, the renewed hopes of a new stimulus package, and now the sudden announcement of President Trump testing positive for Covid-19, there is a lot this could mean for an already volatile market. ETF Trends CEO Tom Lydon spoke with Kelly Evans on CNBC, along with Ron Insana, Senior Advisor to Schroders North America, about the tech space, the lack of a clear trend, and what that could mean, based on current data.

Something notable right off the bat pointed out by Lydon, is how despite the announcement regarding Pres. Trump, the Dow is still positive. It shows how while the stock market is not insensitive, the significant things going on in Washington D.C. are not having as large an effect on the market as the underlying areas.

This indicates that, while close to another earning

Read More
Read More