Technology

Huawei said to divest Honor smartphone business for US$15 billion to Chinese consortium

Huawei said to divest Honor smartphone business for US$15 billion to Chinese consortium

A group led by Digital China and the Shenzhen government is said to take over almost all of Honor’s assets, including research and development capabilities.The deal is expected to help Huawei sharpen its focus on sourcing hi-tech components for its namesake smartphones amid US trade sanctions.

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