Huawei discussing $3.7 billion sale of parts of Honor business: Report

  • 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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Exclusive: Huawei in talks to sell parts of its Honor smartphone business

By Julie Zhu



screen of a cell phone in front of a mirror posing for the camera: People walk past an advertisement for Huawei's Honor smartphones at an airport in Shenzhen


© Reuters/CHINA STRINGER NETWORK
People walk past an advertisement for Huawei’s Honor smartphones at an airport in Shenzhen

HONG KONG (Reuters) – Huawei Technologies Co Ltd is in talks with Digital China Group Co Ltd 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.



FILE PHOTO: President of Huawei's Honor brand, George Zhao, launches the Honor 20 range of smartphones at an event in London


© Reuters/PETER NICHOLLS
FILE PHOTO: President of Huawei’s Honor brand, George Zhao, launches the Honor 20 range of smartphones at an event in London

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.



graphical user interface: FILE PHOTO: Huawei's new Honor 20 smartphone is seen at a product launch event in London


© Reuters/PETER NICHOLLS
FILE PHOTO: Huawei’s new Honor 20 smartphone is seen at a product launch event in London

The

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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

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Canadian block on drone parts shows Turkey’s defense industry still not independent

ANKARA — The Canadian government’s decision to suspend export of key drone parts to Turkey has once again thrown a spotlight on Turkey’s ongoing efforts to develop a self-sufficient defense industry.

Turkish President Recep Tayyip Erdogan often boasts at party rallies that his governance since 2002 has reduced Turkey’s dependency on foreign weapons systems from 80 percent to 30 percent. There is truth in that, although the actual percentages remain a mystery, mainly due to the difficulty of defining what is truly a local or national system.

Most Turkish “national” systems depend on various degrees of foreign input, often including critical parts only available abroad. The T129, an “indigenous” attack helicopter, is a Turkish variant of the Italian-British AgustaWestland A129 Mangusta chopper. Turkey’s local industry has no engine technology.

The “national” new generation tank Altay is facing major delays, due to the lack of a foreign engine and transmission system.

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How to build a gaming PC for beginners: All the parts you need

Building a gaming PC is arguably the best technological investment you can make. A quality gaming rig lasts longer than a smartphone, boasts more power than a gaming console, and is infinitely more versatile than even the most powerful streaming box. Whether you’re typing up documents, editing video or cranking up the settings on the latest and greatest games, a gaming PC is the best tool for the job. With regular maintenance, one of these systems could last five years — with regular upgrades, maybe ten.

Still, building a PC can be a daunting process, particularly for newcomers. There are plenty of good guides out there, particularly from our sister sites like PC Gamer and Tom’s Hardware. However both of these stories focus a lot on mechanics: what components you need, and how to fit them all into a motherboard. Before I built my first PC, even these guides

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How to build a gaming PC: Picking your parts

Building a gaming PC is arguably the best technological investment you can make. A quality gaming rig lasts longer than a smartphone, boasts more power than a gaming console, and is infinitely more versatile than even the most powerful streaming box. Whether you’re typing up documents, editing video or cranking up the settings on the latest and greatest games, a gaming PC is the best tool for the job. With regular maintenance, one of these systems could last five years — with regular upgrades, maybe ten.

Still, building a PC can be a daunting process, particularly for newcomers. There are plenty of good guides out there, particularly from our sister sites like PC Gamer and Tom’s Hardware. However both of these stories focus a lot on mechanics: what components you need, and how to fit them all into a motherboard. Before I built my first PC, even these guides

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Japan smartphone parts makers bet on miniaturization in 5G era

KYOTO — Electronic component makers in Asia and elsewhere are competing fiercely to supply manufacturers of the latest 5G smartphones. Japanese companies have solid market shares in 4G products and hope to maintain their lead over Chinese and South Korean rivals by honing their skills, especially in miniaturization.

“Given current chip-mounting technology, this is as small as it can get,” said Tsuneo Murata, chairman of Murata Manufacturing, showcasing the company’s new multilayer ceramic capacitor, a key smartphone component it has started making in large volumes.

In smartphones, MLCCs are used to store and discharge electricity to maintain a stable current in a circuit. At just 0.25 mm x 0.125 mm, Murata’s new device is the world’s smallest MLCC, with just one-fifth the volume of comparable products but 10 times the electrical storage capacity.

MLCCs are placed throughout circuit boards in smartphones. About 800 MLCCs are used in a high-grade phone;

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CRC Launches New Technology Multi-Use Automotive Parts Cleaner & Degreaser Pro Series | State

HORSHAM, Pa., Sept. 28, 2020 /PRNewswire/ — CRC Industries, Inc., a leading global manufacturer of specialty products and formulations for maintenance and repair professionals and do-it-yourselfers, has launched a new advanced technology multi-use parts cleaner proven to clean up to 14 times faster than other similar products on the market*. The impressive cleaning capability of fast-acting CRC Parts Cleaner & Degreaser Pro Series provides greater efficiency for technicians for multiple applications around the shop or garage. The product is highly effective for cleaning metal parts including carburetors, chokes, air intakes, throttle bodies, brake drums, rotors, and calipers.

“CRC Parts Cleaner & Degreaser is the most powerful product of its kind on the market today,” notes Jonah Rauch, Product Manager for CRC Industries. “We developed this formula to help technicians save time on the job by removing the toughest grease, oil, and varnish from metal parts, faster than ever

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CRC Launches New Technology Multi-Use Automotive Parts Cleaner & Degreaser Pro Series

“CRC Parts Cleaner & Degreaser is the most powerful product of its kind on the market today,” notes Jonah Rauch, Product Manager for CRC Industries. “We developed this formula to help technicians save time on the job by removing the toughest grease, oil, and varnish from metal parts, faster than ever before possible, while drying quickly and leaving no residue. Our lab testing proves it removes deposits 14 times faster than the competitive average. This next-level chemistry combined with our PowerJet® spray nozzle breaks up deposits with cleaning performance that the competition just can’t match. Honestly, this is a game-changing product that sets a new bar for the multi-use parts cleaning category.”

CRC Parts Cleaner & Degreaser is 50-State VOC compliant and meets SAEJ2784 and ASTMD1353 standards. Packaged in a larger shop-sized 24 ounce aerosol can, CRC Parts Cleaner & Degreaser is the newest addition to the CRC Pro

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