Huawei is proposed to sell Honor for $15 billion to Digital China and Shenzhen Government

Huawei is planning to sell its branded unit Honor for 100 billion. There have been reports that Huawei has been facing problems due to the supply constraints arising out of US sanctions. As a result, considering the whole supply scenario, Huawei has pondered over the matter to come up with this step finally. The movement has rightly put a lot of constraints on its chip supply, and if it generates a budget, then it will further add to the pressure. 

latest WhatsApp update changes

The sanctions can potentially break the bone of any entity as it has a series of things that won’t be allowed; this has always become a prime reason for companies not being able to flourish or do their work peacefully due to the whole scenario arising out of sanctions. 

The move comes in the wake of a change in US leadership. Although Huawei isn’t relating to any immediate measures due to the change in the leadership, one thing seems to be sure: the risks that are associated may still be in place with Joe Biden taking over. 

As the deal finally lands its final closure, Honor is going to keep most of its management under itself, and there will be a whopping 7000 employees under him. It is also expected that it will go into the public domain within the next three years if the source is to be believed. However, Huawei is still not entirely comfortable in discussing or disclosing more about the matter. At the exact time, the Shenzhen Government, as well as Digital China, are yet to respond on the matter, as they haven’t done so as of now. 

Let’s have our fingers crossed till then.