Huawei founder Ren Zhengfei called on employees of its departing Honor subbrand to strive to surpass its parent in a farewell speech as the tech giant sells the budget brand to keep its sanction-hobbled supply chains alive
Huawei Technologies said earlier this month it would sell Honor to a new entity called Shenzhen Zhixin New Information Technology, formed of its agents and dealers, so it could resume sourcing components currently restricted by U.S. sanctions.

The U.S. government says Huawei is a national security threat, a claim the company denies.

“Wave after wave of severe U.S. sanctions against Huawei has led us to finally understand, certain American politicians want to kill us, not just correct us,” Ren said, according to a speech posted on a Huawei employee forum on Thursday.
While Huawei could overcome the difficulties, “millions” of employees at Honor’s agents and distributors around the world would lose their jobs as sales channels dried up, Ren’s speech said.

“We don’t have to drag innocent people into the water just because we suffer,” he said.

Honor-brand smartphones made up 26% of the 51.7 million handsets Huawei shipped in July-September, according to consultancy Canalys. The company’s products also include laptops, tablet computers, smart TVs, and electronic accessories.
Huawei’s rivals have been ramping up production orders, anticipating they can gobble up market share while the giant is unable to produce new handsets, several industry sources recently told Reuters.

If Honor could resume production, it could retain market share, said Flora Tang, an industry analyst with Counterpoint Research.

Ren called on Honor to become Huawei’s biggest competitor after the “divorce,” and said toppling Huawei should “become your slogan for motivation”.

“We are your competitors in the future,” he said.

Source: Reuters

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A report in AFP states that, construction cranes at Huawei's headquarters busily expand an already massive faux-European campus that Walt Disney would envy, as well as an in-house "university" that trains the Chinese telecom giant's growing global workforce.

If the United States hoped to stop the company in its tracks, it hasn't yet.

An escalating US effort to block supplies of vital semiconductors to a company it views as a security risk has Huawei officials and staff speaking anew of a sense of "crisis" on its huge campuses in and around the southern Chinese city of Shenzhen.

But despite Washington's now 18-month campaign -- and the current coronavirus pandemic -- staffing and the company's big ambitions continue to grow.

The new US pressure "has naturally led to some concerns", said Huawei University's deputy director, Ryan Liu.

"But I've worked for Huawei many years and we are confident the company will guide us on the correct path."

The US Commerce Department said Friday it was tightening efforts to deny Huawei access to global semiconductor supplies.

Huawei on Monday said the move will disrupt world supply chains and threaten the company's "survival". "If the spirit of the ruling is followed, it would have a major impact on Huawei," said Kelsey Broderick, an analyst with Eurasia Group consultancy. Huawei's ability to find homegrown replacement chips is "low" at best, she said.

But Washington has repeatedly granted reprieves for earlier sanctions on Huawei, and the US may face opposition from American and foreign chipmakers who would suddenly lose orders from Huawei.

"There are questions remaining over how strict the ruling will be, in both implementation and enforcement," Broderick said.

Huawei -- a dominant presence in Shenzhen, headquarters for a number of huge Chinese tech titans -– projects a business-as-usual front.

Since Washington singled out the firm as a proxy target in the wider US-China trade struggle beginning in late 2018, its global staff has grown from 180,000 to 194,000 now, company officials say.

It announced a 19 percent growth in its global businesses in 2019 despite the pressure.

The expanding "European village" complex, housing 25,000 staff, sprawls around a lake, linked by red and orange trains that stop at stations including "Paris", "Bologna", and "Heidelberg", each with plazas and architecture recalling those cities.

Eleven such themed zones are finished and another is being built.

Huawei University, meanwhile, will be moving in August to newer and bigger European-style facilities.

Washington fears China could use Huawei's telecom networking systems worldwide for espionage or cyber-sabotage.

The company is expected to become a global leader in coming fifth-generation, or 5G, wireless networks, and Washington has lobbied other countries to shun its equipment over potential security risks.

But current chairman Guo Ping said this week the US is driven by fear of losing the technological edge to Chinese companies, and Huawei officials have continuously said Washington's threats merely make it stronger.

Staff echo that, telling AFP that the US moves to deny access to Google services on its Android smartphones led Huawei to accelerate production of its proprietary HarmonyOS operating system, unveiled last year. Semiconductor disruptions will likewise fuel Huawei chip unit HiSilicon's efforts to develop its own supplies.

"This challenge will create a more acute sense of crisis, but our answer is to do our jobs right, and have confidence that hard work will pay off," said Liu.

Huawei University shut down its 40 physical classrooms after the coronavirus erupted in late January. But after turning to online courses for staff in China, Africa, Europe, and elsewhere, in-person classes resumed in May, Liu said. Courses include high-tech subjects, management, and a two-week new-employee "boot camp" -- complete with morning calisthenics -- on corporate culture and handling work pressures.

Classes are now busier than ever handling pent-up demand from the shutdown, said Liu. New course content includes understanding and dealing with the mental stress of US pressure."The world is now full of uncertainty and we need to adjust our mindset," Liu said.

Zhu Anran, 36, newly hired for a construction and infrastructure division, said the US pressure is on the lips of his fellow inductees.But he had no worries about joining Huawei."As a Chinese, I feel more proud of being able to join such an enterprise as Huawei."

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Huawei is allegedly planning to sell parts of its Honor smartphone business in a deal that can rake in CNY 25 billion (roughly Rs 27,251 crore). The company is battling business snags outside China that emerged after the US ban, which is why it seems no longer keen on continuing on its Honor phone business that targets affordable price segments, unlike Huawei’s high-end phone business. Interestingly, Xiaomi -- Huawei’s biggest rival -- might end up buying Honor business.

According to a Reuters report, Huawei is talking to Digital China Group and other suitors to sell a fraction of its Honor phone business. Honor brand is focused on budget-conscious customers. In India, Huawei pitted Honor against the likes of Redmi, Realme, and Motorola that are popular in this price segment. Not just the smartphones, Honor began selling its laptops, tablets, and audio products in India for affordable prices, but Huawei seems uninterested in taking this business forward.

Huawei is still to finalize the assets that it will sell for the Honor brand, but these could include the Honor brand, research, and development arm, and related supply chain management business, said the report citing people familiar with the matter. Huawei is looking for an all-cash sale that might fetch a smaller amount, somewhere between CNY 15 billion and CNY 25 billion, according to the report.

Digital China has emerged as the top runner for this deal. It is the main distributor for Honor phones in China. But there are other potential buyers that could bid for Honor’s business, including China’s electronics manufacturing company TCL and, its biggest rival, Xiaomi. But nothing is confirmed about who is making inroads with Huawei over the Honor business deal.
Huawei, Xiaomi, Digital China, and TCL declined to comment on what is happening about Honor’s business.

Source:indiatoday

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We've been hearing rumors about Huawei selling its budget phone brand, Honor, over the last few weeks and now the company has ended the speculation by making the news official. Faced with the difficult market and business conditions, Huawei appears to have been pushed into a corner and sell off its sister concern Honor to China-based Shenzhen Zhixin New Information Technology Co.

Announcing the news through a statement, the company said, "At a difficult time when industrial technology elements are unsustainable and consumer businesses are under tremendous pressure, in order to allow Honor channels and suppliers to continue, Huawei Investment Holding Co., Ltd. decided to sell the entire Honor business assets. The purchaser is Shenzhen Zhixin New Information Technology... It is the best solution to protect the interests of Honor's consumers, employees, suppliers, and partners."

For now, the two companies have not released any information on the price of the deal. But even with no figures released, there have been reports in the past that have given us a hint at what the deal could have cost Honor's new owners. As per a previous report, the deal between Huawei and Shenzhen Zhixin New Information Technology could have been for around $15.2 billion.
As per the information shared, while Honor's current board and its workforce will stay in place, the new owners will oversee the business, branding, production, distribution, services, operations, and executive decisions, with Huawei, no longer holding any share in Honor the company. The company has also revealed that the deal will include all assets of Honor, including R&D, supply chain management, and other Honor assets, as well as Honor’s workforce of over 7,000 employees.
Over the last year or so, Honor had found it increasingly difficult to do business with the company having to deal with the impact of the sanctions placed on it and its parent company after the United States' government put it on the "Entity List". With Honor not part of Huawei's books, those restrictions could be eased on it going forward. For Huawei, the restrictions will remain in place, however, with Honor sold, the company could now focus on itself and create high-end smartphones and other products.

Source:indiatoday

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