Despite reports to the contrary, Huawei says it has no plans to sell its smartphone business

Back in November, Huawei bought off its Honor sub-brand to a consortium for barely greater than $15 billion. Since Huawei no loner has something to do with Honor, the latter is no longer handcuffed by the bans imposed on Huawei by the U.S. Commerce Department. As an impartial firm, Honor no longer wants to purchase a license to do business with U.S. suppliers of {hardware} and software program together with Google. More importantly. Honor will not be required to receive a license to buy chips manufactured by world foundries utilizing American know-how.

Huawei’s smartphone business shouldn’t be on the market says the firm’s co-founder and CEO Ren Zhengfei

Last month, there was hypothesis that Huawei was planning one other blockbuster transaction. Reportedly, Huawei was discussing the sale of its flagship “Mate” and P” smartphone lines with another consortium that supposedly included investors and distributors backed by the Shanghai government. But since that rumor first was disseminated at the end of January, there have been no other reports about such a sale. And recently, the South China Morning Post spoke with Huawei co-founder and CEO Ren Zhengfei who says that Huawei has no plans to sell its smartphone business. The govt says that Huawei won’t ever sell its client unit which incorporates smartphones.

Ren is asking U.S. President Joe Biden to have a extra open coverage towards Chinese firms than his predecessor did. Under Donald Trump, the U.S. thought of Chinese companies like Huawei, ZTE, ByteDance, SMIC, and others to be nationwide safety dangers main the U.S. to impose numerous restrictions on these firms. Zhengfei disseminated his feedback on Tuesday throughout a roundtable assembly in Taiyuan.

Ren stated, “Our company does not have the energy to be involved in this political whirlpool. We strive to make good products. We hope that the US government can have a more open policy for the benefit of American companies and the development of the US economy.” The govt questions whether or not America’s sanctions in opposition to Huawei really advantages U.S. customers. “Will the US blockade today lead to unexpected consequences?,” he requested.

While Huawei has been one in all the prime three smartphone producers  over the previous couple of years, the U.S. restrictions in opposition to it and the sale of its Honor sub-brand is anticipated to drop the firm down to seventh this yr. The producer stays the globe’s prime provider of networking tools regardless that the U.S. lobbied its allies not to use the outfit’s telecommunication elements for his or her 5G networks. 

So far, it would not seem as if the Biden administration has plans to take away the restrictions imposed on Huawei. The new president’s nominee for Commerce Secretary, Gina Raimondo, stated final week that she noticed “no reason” why the U.S. ought to take away Huawei from the entity listing. Even Huawei’s Zhengfei would not count on that to happen any time quickly. Huawei’s CEO says that it shall be “extremely difficult to remove Huawei from the entity list.” The man who co-founded Huawei goes on to say that when it comes to his agency’s elimination from the the entity listing, “I will not say it is impossible, but it is extremely difficult, so basically, we do not have that expectation. We just want to work hard, and we have plenty of money and can hire a lot of scientists.”

Zhengfei says that Huawei is open to sharing its 5G know-how with the U.S. “We have said before that our 5G technology can be transferred in its entirety.” He goes on to state That contains not solely the rights to growth but in addition supply packages and supply codes. If the US wants our chip know-how, we will switch it. Our phrases are honest [but] no firm has come to negotiate with us up to now.”

Follow us on Google News  

Read original article here

Md Umar Khan

Md Umar Khan is a gaming freak who loves to play FPS games. In the meantime, he loves to express his views by writing gaming articles.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button