Huawei CEO Urges Honor Sub-Brand to Become Competitor After Split

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Huawei founder Ren Zhengfei referred to as on workers of its departing Honor subbrand to attempt to surpass its father or mother in a farewell speech because the tech big sells the price range model to maintain its sanction-hobbled provide chains alive.

Huawei mentioned earlier this month it could promote Honor to a brand new entity referred to as Shenzhen Zhixin New Info Know-how, fashioned of its brokers and sellers, so it may resume sourcing parts at present restricted by US sanctions.

The US authorities says Huawei is a nationwide safety menace, a declare the corporate denies.

“Wave after wave of extreme US sanctions towards Huawei has led us to lastly perceive, sure American politicians wish to kill us, not simply appropriate us,” Ren mentioned, based on a speech posted on a Huawei worker discussion board on Thursday.

Whereas Huawei may overcome the difficulties, “tens of millions” of workers at Honor’s brokers and distributors world wide would lose their jobs as gross sales channels dried up, Ren’s speech mentioned.

“We do not have to tug harmless individuals into the water simply because we endure,” he mentioned.

Honor-brand smartphones made up 26 % of the 51.7 million handsets Huawei shipped in July-September, based on consultancy Canalys. The corporate’s merchandise additionally embrace laptops, pill computer systems, good TVs and digital equipment.

Huawei’s rivals have been ramping up manufacturing orders, anticipating they’ll gobble up market share whereas the enormous is unable to provide new handsets, a number of trade sources not too long ago instructed Reuters.

If Honor may resume manufacturing, it may retain market share, mentioned Flora Tang, an trade analyst with Counterpoint Analysis.

Ren referred to as on Honor to grow to be Huawei’s largest competitor after the “divorce,” and mentioned toppling Huawei ought to “grow to be your slogan for motivation”.

“We’re your rivals sooner or later,” he mentioned.

© Thomson Reuters 2020


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