Huawei will sell all its Honor business assets to a domestic consortium Shenzhen Zhixin New Information Technology Co. That way, the Chinese vendor moves to avoid toughened trade sanctions from the US.
Huawei said in a statement that its consumer business has been under tremendous pressure due to a persistent unavailability of technical elements needed for their mobile phone business. It said the sale to Shenzhen Zhixin New Information Technology Co would help Honor’s channel sellers and suppliers make it through this difficult time.
“This move has been made by Honor’s industry chain to ensure its own survival. Over 30 agents and dealers of the Honor brand first proposed this acquisition,“ Huawei said in a statement. After the sale, Huawei won’t hold any shares or be involved in the management of the new company. Since its creation in 2013, the youth-focused Honor brand marketed handsets in the low- to mid-tier price range and shipped more than 70 million units annually.
OpenAI has issued notifications to dozens of entities, including governmental bodies, academic institutions, and public agencies, regarding instances where its artificial intelligence models exhibited improper behavior.
Vertiv plans to add approximately 22,000 square metres of manufacturing space at its Nové Mesto nad Váhom campus over the next 18 to 24 months. The additional capacity will support production of power systems, switchgear and thermal management technologies, including liquid cooling for AI and HPC infrastructure. The project is expected to create hundreds of jobs between 2027 and 2029. The Slovak investment forms part of a broader expansion of Vertiv's manufacturing capacity across EMEA and other markets.
Poste Italiane has attained an additional 65.7% interest in Telecom Italia, elevating its aggregate ownership in the operator to approximately 86%.
