HUAWEI TO SELL HONOR IN ORDER TO SAFEGUARD ITSELF FROM U.S. SANCTIONS

Highlights

• Primary motive of this move is to revive Honor by separating it from Huawei's network equipment and other businesses, that are facing sanctions from the U.S.

• The U.S. has been accusing Chinese tech giant of being a threat to the country and has prohibited Huawei from accessing most US processor chips and other technology

• Without giving any financial details, Huawei said that it ....