Huawei Honor - Huawei officially announces sale

 

You may recall that from time to time we briefed you on all the events that took place over the past year or so, making Huawei very helpless in the face of US trade sanctions.

As a result, HiSilicon, which manufactures chips for their mobile phones, as well as other affiliates, have been hit hard.

Shenzhen Zhixin New Information Technology Co., Ltd. It has been decided to sell it to another newly formed Chinese company called.

Announcing this on their official website, they say that the Huawei consumer business network has come under a lot of pressure in the recent past, and that all the resources related to the Honor business are Shenzhen Zhixin New Information due to the inability to produce or obtain the parts needed to make mobile phones. Technology Co., Ltd. That the company had decided to sell.

They further added that the decision was made to maintain the Honor brand's brand, and that the transaction would not ultimately include Huawei's shares in the aforementioned company and that Huawei would not have any kind of executive power.

Launched in 2013, the Honor brand targets the younger generation with a range of low - end to mid - range mobile phone models, with Huawei announcing sales of over 70 million units a year.