Besieged by U.S. tech sanctions, Huawei may be looking to shake up its smartphone business that has taken a hit after losing core semiconductor parts and software services.
The Chinese giant is in talks with Digital China Group to sell parts of Honor, its low-end, budget phone unit, for 15-25 billion yuan ($2.2-3.7 billion), Reuters reported on Wednesday.
A Hong Kong-listed firm, Digital China is a spin-off from the Legend Group (later Lenovo) and a major distributor and close ally of Huawei.
Smartphone sales and other consumer-facing electronics today make up the bulk of revenue for Huawei, which began by selling telecommunications gear in the late 1980s.
The news came days after a Chinese tech news blogger claimed Huawei is planning to sell Honor….