Huawei selling smartphone unit in face of US sanctions – KOB


Huawei Technologies Ltd., China’s first global tech brand, has been battered by controls that block its access to U.S. processor chips and other components and technology. The U.S. government says the company is a security threat and might help Chinese spying, which Huawei denies.

The leader of the buyers is Shenzhen Zhixin New Information Technology Co., which was formed to build information infrastructure in Shenzhen, the southern city where Huawei is headquartered.

(Copyright 2020 by The Associated Press. All Rights Reserved.)





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