Here’s what the Reuters report entails — According to people close to the matter, the discussion between Huawei and Shanghai-backed investment firms were going on for a while now. As a matter of fact, the brand has been apparently weighing options ever since last September. ALSO READ: LG DUALCOOL Inverter air conditioners 2021 lineup announced All that said, Huawei is yet to take a decision on this. So, the thing might go off. Meanwhile, the company is actively trying to muster up an in-house chip manufacturing foundry (something of a scale big enough to fab its Kirin silicons). Now, Huawei has squashed this new piece of information as “unsubstantiated rumours” A Huawei spokesperson has revealed, “There is no merit to these rumours whatsoever. Huawei has no such plan”. Not only that, Shanghai Government itself has negated the rumor saying that it is unaware of the case. So, you better take the scoop with a grain of salt. ALSO READ: Realme C20 with Helio G35 SoC, 5000mAh battery announced Be that as it may, one can’t argue the dire situation the brand is in due to the curbs set by foreign powers (the US in particular). We will see how things will turn out for the company in the coming future. At present, it isn’t rosy though. As per consultancy firm IDC, phone shipments of Mate and P series were worth $39.7 billion (around ₹2,89,460 crores) between Q3 2019 and Q3 2020. While another firm Counterpoint claims, “We expect a continuous decline in sales of P and Mate series smartphones through Q1 2021”.
Δ
