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  • 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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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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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 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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Huawei’s own operating system, Harmony OS, is almost upon us and it is now clear which phones will run it.

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Huawei is about to unveil its latest flagship phones, the Mate 40 Series. The four phones in the series will, like the most recent handsets from the company, launch with open-source Android but without Google Mobile Services such as Gmail, Google Play Store and Google Maps, because of the ongoing issues between the company and the U.S. Government.

These issues prevent American companies, such as Google, from having

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