Huawei CEO wants Honor to become a major competitor after split

Honor is expected to continue to focus on the budget segment to retain its market share after separating from Huawei. What you need to know Huawei founder Ren Zhengfei has 'urged' its Honor sub-brand to become a competitor after split. Huawei is selling the Honor brand to a Chinese consortium led by Digital China and the Shenzhen government for $15 billion. Once the deal is completed, Honor will be able to resume sourcing components that are currently restricted by U.S. sanctions. Earlier this m...