Business
Huawei sells youth brand over tech restrictions – BBC News
The Chinese communications firm said Honor had been under pressure to find suppliers.
image copyrightGetty Images
Chinese smartphone maker Huawei is selling its youth-focused budget brand Honor.
Huawei said Honor had been under “tremendous pressure” due to “a persistent unavailability of technical elements”.
US government sanctions have restricted supplies to Huawei on the grounds that the firm is a national security threat.
Huawei said it would not hold any shares or be involved in managing the new Honor company.
“This sale will help Honor’s channel sellers and suppliers make…
-
Noosa News22 hours agoOne-punch killer jailed for hospital and prison assault
-
Noosa News22 hours agoThieves crash car into Gladstone Central Plaza in Central Queensland to rob jewellery shop after hours
-
Noosa News24 hours agoPolice say recent arrests highlight risk posed to children by online predators
-
Business21 hours ago5 ASX growth shares to buy and hold