Huawei to sell key server division due to U.S. blacklisting- Bloomberg News

4 weeks ago 24

A Huawei logo is seen connected a compartment telephone surface successful their store astatine Vina del Mar, Chile July 18, 2019. REUTERS/Rodrigo Garrido/File Photo

Nov 2 (Reuters) - Huawei Technologies Co (HWT.UL) is successful precocious talks to merchantability its x86 server concern aft the U.S. blacklisting of the institution made it hard to unafraid processors from Intel Corp (INTC.O), Bloomberg News reported connected Tuesday.

The Chinese telecoms elephantine is selling the server concern to a consortium that includes astatine slightest 1 government-backed buyer, the study said, citing radical acquainted with the matter. https://bloom.bg/3EzsR5W

According to the report, respective imaginable buyers from authorities and the backstage assemblage emerged successful caller months.

Henan Information Industry Investment Co Ltd, a state-owned steadfast that has been a spouse of x86 and user electronics shaper Huaqin Technology Co Ltd on with an plus absorption institution representing the Hubei provincial authorities are progressive successful the talks, according to Bloomberg.

Huawei declined to remark erstwhile contacted by Reuters.

Reporting by Juby Babu successful Bengaluru, further reporting by David Kirton; Editing by Shailesh Kuber

Our Standards: The Thomson Reuters Trust Principles.

Read Entire Article