Honor Secured Access to US Components
Honor secured access to critical device components from US manufacturers including Qualcomm, Intel and Micron. The access has been disrupted by trade sanctions imposed on the vendor’s former parent Huawei.
Zhao Ming, Honor CEO, said that nearly all of its suppliers had resumed shipments and there were now almost no restrictions. Huawei sold the brand and associated assets to a domestic consortium in November 2020, reportedly to boost sales of its own-brand devices.
At the time, the vendor said the CNY100 billion ($15.4 billion) sale to Shenzhen Zhixin New Information Technology Co followed tremendous pressure relating to a persistent unavailablity of technical elements needed for our mobile phone business. It tipped the move to help Honor’s channel sellers and suppliers make it through this difficult time.