Hong Kong’s”South China Morning Post” website reported on January 7 that according to Chinese media reports, Huawei Company sold The smartphone brand Honor Company is cooperating with US chip supplier Qualcomm on 5G equipment.
According to Caixin.com reported on the 6th, the consumer brand Honor, which was once affiliated to Huawei, is expected to launch smartphones equipped with Qualcomm 5G chips in May or June this year.
On the 5th,”China Securities Journal” quoted a supplier of Glory for the first time reported the agreement with Qualcomm A matter of agreement. The paper stated that the R&D of Honor 5G smartphone products based on Qualcomm chips is”already in progress.”
The report analyzed that although Honor is no longer part of Huawei, analysts warned that the company may still face uncertainty in obtaining approval to purchase US chips.
Information picture:Huawei booth at the 22nd China International High-Tech Fair, November 11, 2020, Xinhua News Agency reporter Mao Siqian photo
Pincheng Mason Paul Haswell, a partner of the law firm, said:”Qualcomm can currently cooperate with Honor.”
The report introduced that after the sale of Honor, the founder and CEO of Huawei Ren Zhengfei delivered a speech to the employees of Glory, stating that New Glory cannot be disconnected from the former parent company and should become its strong competitor. Ren Zhengfei said that the spin-off Glory will “recover production quickly and solve the difficulties of upstream and downstream partners” under the leadership of the new company.
In November last year, Qualcomm said that it had begun negotiations with senior executives of Honor on possible cooperation. In addition, the Taiwan-based chip supplier MediaTek Co., Ltd. said that the company is studying whether it can comply with the conditions set by the United States. Down supply to Honor.
Will Wang (sound), an analyst at the American International Data Corporation in Singapore, said:“The new president may have different concerns. The risks of Glory and its US supply chain cooperation may be different. It will be lowered.”
Analysts said that the development direction of Honor will be different from Huawei. Huawei’s self-positioning is aimed at high-end brands that pursue style and elegance, while Honor is aimed at young consumers who are more interested in fashion and entertainment.
Flora Tang, an analyst at Contepoint Research in Hong Kong, said:”cloud technology, artificial intelligence, operating systems, and semiconductors will replace consumer hardware products and become Huawei’s future development focus. Therefore, the core businesses of Huawei and Honor will be different.” (Compilation/Hu Guanghe)
Source:Reference News Network