The strict sanctions the US imposed on Huawei have finally taken a victim: Honor. In an announcement, Huawei revealed it has finalized the sale off its Honor mobile sub-brand to Shenzhen Zhixin New Information Technology, a consortium of 30 agents and dealers led by the government of Shenzhen. “Huawei‘s consumer business has been under tremendous pressure as of late. This has been due to a persistent unavailability of technical elements needed for our mobile phone business,” the company said. “Huawei […] has thus decided to sell all of its Honor business assets.” “Once the sale is complete, Huawei will not hold…
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