Huawei founder urges Honor subbrand to become competitor after split

SHENZHEN, China (Reuters) – Huawei founder Ren Zhengfei called on employees of its departing Honor subbrand to strive to surpass its parent in a farewell speech as the tech giant sells the budget brand to keep its sanction-hobbled supply chains alive.

FILE PHOTO: Ren Zhengfei, Founder and Chief Executive Officer of Huawei Technologies speaks during a session at the 50th World Economic Forum (WEF) annual meeting in Davos, Switzerland, January 21, 2020. REUTERS/Denis Balibouse

Huawei Technologies said earlier this month it would sell Honor to a new entity called Shenzhen Zhixin New Information Technology, formed of its agents and dealers, so it could resume sourcing components currently restricted by U.S. sanctions.

The U.S. government says Huawei is a national security threat, a claim the company denies.

“Wave after wave of severe U.S. sanctions against Huawei has led us to finally understand, certain American politicians want to kill us, not just

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AMD CEO Lisa Su gets chip industry’s highest honor

Advanced Micro Devices CEO Lisa Su has received the chip industry’s highest honor as the 2020 recipient of the Robert N. Noyce Award.

The Semiconductor Industry Association, the chip industry lobbying group, gave her the award in an online ceremony today. Normally, the event takes place in San Jose, California, and has about 1,000 attendees.

Su’s award represents the first time the award has gone to a woman since it was started in 1991.

“It’s an incredible privilege to be part of this industry,” said Su. “I actually fell in love with semiconductors in my first year at MIT. My first job was doing grunt work in a semiconductor lab. If you look at this year, what is resoundingly clear is that technology is becoming even more important.”

The SIA presents the Noyce Award annually in recognition of a leader who has made outstanding contributions to the semiconductor industry in

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Huawei sells Honor under ‘tremendous pressure’ from US sanctions

honor 30 pro plus review logo
  • Huawei has sold off Honor to Shenzhen Zhixin New Information Technology Co.
  • Once the sale is complete, Huawei will have no stake in Honor.
  • Honor will work with partners to continue providing security updates and after-sales service to its phones.

Update: November 19, 2020 (1:06 AM ET): Honor has confirmed that it’ll work with partners to continue providing security updates and after-sales service for exiting smartphones and those that are currently on sale. The company posted the update on Weibo in reply to a user’s query about the future of Honor mobiles under the new ownership. We still don’t know whether existing or future Honor phones will continue having access to Huawei’s tech such as the EMUI software, camera sensors, and more.


Original article: November 16, 2020 (11:39 PM ET): Huawei has finally sold off its sub-brand Honor after weeks of rumors about the sale. The new owner

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Huawei selling Honor phone brand in face of US sanctions

BEIJING (AP) — Chinese tech giant Huawei is selling its budget-price Honor smartphone brand in an effort to rescue the struggling business from damaging U.S. sanctions imposed on its parent company.

The move announced Tuesday is aimed at reviving Honor by separating it from Huawei’s network equipment and other businesses, which Washington says are a security threat, an accusation Huawei denies. They are under sanctions that block access to most U.S. processor chips and other technology.

Huawei Technologies Ltd.’s announcement gave no financial details but said the company will have no ownership stake once the sale is completed. Huawei will retain its flagship Huawei smartphone brand.


The buyer is a company formed by a technology enterprise owned by the government of the southern city of Shenzhen, where Huawei is headquartered, with a group of Honor retailers. Earlier news reports on rumors of a possible sale put the price as high

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