Huawei selling smartphone unit in face of US sanctions
https://apnews.com/c40f336e19667d36012900d6089581af
BEIJING (AP) — Chinese tech giant Huawei is selling its 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 trying to revive Honor by separating it from Huawei’s network equipment and other businesses, which the U.S. government 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.