Chinese technology giant Huawei Technologies Co Ltd is in talks with investors to sell its high-quality P and Mate smartphones, according to insider sources. If this step goes through all the obstacles and is implemented by both parties, then we can see how Huawei will eventually exit the high-performance business segment. 
Huawei is the largest telecommunications equipment manufacturer in the world. According to sources, negotiations between the company and a consortium of investment companies have been underway for several months, and a decision may be made in the near future.
The brand sales move started last September and may have gone very well, although no pricing data is available at this time. For the year between Q2019 2020 and Q39,7 XNUMX, shipments of the Mate and P Series models totaled $ XNUMX billion.
It should be noted, however, that Huawei has not yet made a final decision on the sale, and a rejection scenario is still possible as the company seeks ways to ease US sanctions that have negatively impacted the company's fortunes. The company is still trying to produce its own high-performance Kirin chips, which are used in its smartphones.
The potential sale of this division to the company could indicate that there is little hope of easing sanctions and restrictions from the new Biden administration, as no drastic changes are expected.
A similar deal was made by Huawei last year, when its branding was sold to a consortium of 30 dealers for 100 billion yuan ($ 15,5 billion).
The sale of Honor was aimed at keeping the brand afloat in the face of sanctions. Huawei may have a similar goal with the goal of selling mobile brands. The US insists that Huawei poses a threat to national security, which Huawei has repeatedly denied.
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- After splitting from Huawei, Honor has partnered with key vendors such as Intel, Qualcomm, and others.
( source)
