Honor, which changed hands last month, said it was in talks to buy the chip from Qualcomm.Huawei, which is facing US economic restrictions, has sold its Honor business to Shenzhen Zhixin New Information Technology. Huawei Investment Holdings has decided to sell the entire Honor business group to keep the Honor channel afloat in the face of intense pressure to survive. The company said.
Shenzhen Zhixin New Information Technology seeks to make Honor a global brand after acquiring Honor. According to recent reports, the two companies are in talks to use Qualcomm chips in Honor phones.
According to GSMArena, Qualcomm has already announced that it will supply chipsets for the upcoming Honor phones. Honor and Qualcomm are close to reaching an agreement, he said. Honor is reportedly planning to continue using the MediaTek chipset in the V40 series.
Honor CEO Zhao Min has announced that Honor aims to become one of the top smartphone brands in the Chinese smartphone market. One week after the announcement, Honr will launch other smartphones as well as smartphones, Zhao said.
Honor, the former parent company of Honor, has been banned from buying US technology and products. Prior to the Honor sale, both Huawei and Honor faced market restrictions. In the hands of the new owner, Honor has new hopes of doing business with US tech companies.