Huawei Is in Early Negotiations to Sell Its High-end Smartphone P and Mate Series Businesses

Reuters said that Huawei is currently in talks with a consortium led by an investment company supported by the Shanghai municipal government to conduct initial negotiations on the sale of its high-end smartphone brands P and mate series. The talks between the two sides have lasted for several months, but the contents of the discussions are confidential.

It is reported that Huawei is discussing the stripping of mobile phones. The target is its Shanghai terminal related departments. The R & D of Huawei's high-end series mate and P is mainly located in Shanghai. It is reported that in addition to mobile phones, tablets and other products will also be sold together, leaving only Hisilicon and base station business.

At the same time, some media reported that Huawei is negotiating with a consortium led by enterprises supported by the Shanghai government on the sale of high-end smartphone brands P and mate. The negotiation has lasted for several months and was triggered by insufficient chip supply.

In response to this report, Huawei responded on the 25th that Huawei has no plan to sell its mobile phone business at all. Huawei will adhere to building a world leading high-end smartphone brand and strive to provide consumers with excellent product experience and services.

It is worth mentioning that Huawei denied the rumors about the glory sale before, but it didn't take long to come true.

Due to the regulatory policies of the United States, Huawei could not obtain high-end mobile phone chips, and the development of terminal business was blocked. In order to survive, Huawei had to divest some businesses. On November 17, 2020, Huawei confirmed to sell glory and suppliers took over the offer.

At that time, several Huawei supply chain enterprises issued a joint statement that Shenzhen Zhixin new information technology Co., Ltd. had signed an acquisition agreement with Huawei Investment Holding Co., Ltd. to complete the comprehensive acquisition of business assets related to glory brand. After the sale, Huawei no longer holds any shares in new glory.

Today, glory is rapidly recovering in the supply chain. Recently, Zhao Ming, CEO of glory Terminal Co., Ltd., said that after the glory official declared independence, almost all supply partners have resumed their supply and have not been restrained. AMD, Intel, Samsung, micron, Qualcomm, Microsoft, MTK (MediaTek) and other suppliers have cooperated.