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
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.
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.
There are grim times ahead for big tech. Democrats are pushing for Congress to rein in firms such as Google, Apple and Facebook, while the EU has reportedly drawn up a list of 20 internet companies that will be subject to stringent new rules that curb their power.
At the weekend, Politico reported that the Justice Department and state prosecutors, who are investigating Google for alleged antitrust violations, are considering whether to force Google to sell its Chrome browser.
Chrome is by far the world’s most used browser, with almost 70% of the market on desktop computers and 64% on mobile, according to NetMarketShare.
If Google were forced to cleave its browser away from its advertising business, who would buy it? Here are some of the likely contenders:
Experiential museums—designed to provide visitors with interactive experiences—faced a big problem as coronavirus restrictions were eased: How to boost sanitization measures while demonstrating to visitors that these high-touch spaces were still safe to enter and enjoy.
Many operators of such spaces say they have been able to retain their interactive, immersive identities to a surprising degree as they and their guests navigate the challenges of the coronavirus pandemic.
The masks now required for visitors six years old and up might have made it harder to pick up the scents of the Chromaroma exhibit, for example, at the Houston outpost of the Color Factory, an art exhibit dedicated to color. So the museum amplified the scents.
The Color Factory’s ball pits in Houston and New York now require everyone over a certain age to wear a
(Reuters) – New Zealand’s Fonterra said on Monday it has agreed to sell its farms in China for a total of NZ$555 million ($367.97 million) as the dairy producer continues to focus on the domestic market and reduce debt.
The company unveiled plans last year to halt overseas expansion after being criticised by the more than 10,000 farmers who make up its cooperative for its foray into countries like China and value added consumer products that were weighing on its profits.
“For the last 18 months, we have been reviewing every part of the business to ensure our assets and investments
Last week, California Governor Gavin Newson leaned over the hood of a Ford Mustang Mach-E and signed an executive order saying that all new passenger cars and trucks sold in the state must be emission-free by 2035.
(Reuters) – Micron Technology Inc has not yet obtained new licenses needed to sell its memory chips to China’s Huawei Technologies Co Ltd, which will cut its sales over the next two quarters, company executives said on Tuesday.
Boise, Idaho-based Micron, one of the world’s biggest makers of DRAM chips, said it had previously obtained licenses from the U.S. government to sell chips for mobile phones and servers from its factories outside the United States to Huawei, which has been the target of U.S. restrictions on chip sales since last year.
Huawei accounted for about $600 million of Micron’s $6.06 billion in sales for the fiscal fourth quarter ended Sept. 3, or just under 10%.
Back in January, medical device company Masimo levied a lawsuit against Apple, accusing the company of stealing trade secrets and improperly using Masimo inventions related to health monitoring in the Apple Watch.
Masimo is known for its pulse oximetry devices, and Apple just recently debuted the Apple Watch Series 6 with blood oxygen monitoring capabilities. Following the launch of the Series 6, Masimo has accused Apple of attempting to delay the legal proceedings in order to sell more watches and gain a more dominant share of the smart watch market.
As highlighted by Bloomberg, Apple has not officially responded to the original January lawsuit, instead filing requests to dismiss the trade secret part of the case and to have Masimo patents invalidated. Apple has asked the trial court to put the case on hold until the patent issue is resolved, which could take a significant amount of time.
Just like for used phones, a cottage industry is emerging to resell old Apple and Samsung watches.
Apple and Best Buy offer trade-in programs, but they pay less than dedicated trade sites like Trademore and DeCluttr, which offer about 40% of the original price, depending on the condition of your device.
The Series 5 Apple Watch, first released in 2019, originally sold for $399 with a 40mm watch face, or $499 with cellular connectivity, while the Series 3 originally sold for $329 when it was released in 2017, with $399 for the cellular version. Last year, Apple dropped the price to $199, just for the standard version. A cellular option isn’t available.
This year’s Series 6 replaces the Series 5 for the same price as last year’s model, and has a few new features, most notably a blood oxygen reader.
Trademore.com pays cash for use Watches (Photo: Trademore.com)