Timeline: Huawei feeling the heat as it eyes Honor sale

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Huawei Technologies plans to sell its budget-brand Honor smartphone unit in a 100 billion yuan (US$15.14 billion) deal after years of pressure from U.

FILE PHOTO: President of Huawei's Honor brand, George Zhao, launches the Honor 20 range of smartphones at an event in London, Britain, May 21, 2019. REUTERS/Peter Nicholls/File PhotoSHENZHEN, China: S. trade curbs made on grounds that the technology firm is a national security threat.

January 2018 - Huawei's deal with U.S. carrier AT&T Inc to sell its smartphones in the United States collapses.April 2018 - Reuters reports that U.S. prosecutors in New York have been investigating whether Huawei violated U.S. sanctions in relation to Iran. May 2019 - The U.S. Commerce Department adds Huawei Technologies Co Ltd and 70 affiliates to the 'Entity List,' banning it from buying parts and components from U.S. companies without U.S. government approval.

January 2020 - The European Union said countries can either restrict or exclude high-risk 5G vendors from core parts of their telecoms networks, a move targeting Huawei but falling short of a U.S. call for a complete ban. August 2020 - Richard Yu, CEO of Huawei's Consumer Business Unit, says that from Sept. 15 the company will not be able to produce its flagship Kirin processors, which power its high-end smartphones, due to the U.S. curbs.

 

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