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Huawei may be negotiating to sell some of its Honor smartphone units for $ 3.7 billion

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Rumor Factory: It’s no secret that Huawei can no longer quickly procure essential components for mobile phones. As a result, Huawei may be planning to miniaturize its mobile unit until it finds a new supplier. The trade ban is reportedly seeking for possible sales by Chinese tech giants, including the Honor brand and R & D labs.

Huawei has recently been under a lot of pressure due to the loss of access to important American suppliers and TSMC foundries. And for European companies that rely on manufacturing giants, they will lose valuable contracts for 5G deployments in Europe that the Chinese government is considering in-kind.

Last month, Samsung, LG, and SK Hynix stopped ordering NAND, DRAM, and display panels from Huawei and reapplied for a license not yet approved by the US Department of Commerce. According to Reuters, a Chinese tech giant has begun negotiations with several local companies to sell some of its Honor smartphone units in a deal estimated at 25 billion yuan ($ 3.72 billion).

Potential buyers include Xiaomi, TCL, Gree, and BYD, but their current favorite is Digital China Group, the leading distributor of Honor devices. This transaction includes the Honor brand, R & D infrastructure, and related supply management businesses.

This move could theoretically benefit honor, as US restrictions no longer apply to potential buyers, but it can always change in the future. Meanwhile, Huawei will focus on high-end smartphones that already have $ 23 billion worth of essential components.

In addition, Huawei will lose its position as the world’s largest smartphone maker, with the Honor brand accounting for 26% of the 55.8 million units sold by its parent company in the second quarter of this year. Still, Honor smartphones have relatively low margins compared to high-end products, which generated only about 7% of Huawei’s total operating profit in 2019.

Currently, Huawei is investing huge amounts of money to accelerate the development of 7nm process nodes by SMIC. However, it could take years for China’s largest foundry to catch up with other industries, and has recently been sanctioned by the United States.

Chinese tech giants are also working on an Android alternative called Harmony OS, which management says is a distant dream. If anything, Huawei has a difficult battle to move forward, and its only advantage is that the Chinese government will do anything to keep it going.

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