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Huawei Founder Says Phone Unit Sale Will Free It From U.S. Curbs

  • Ren Zhengfei says Honor split to be handled in an adult manner
  • It’s unclear if a change in ownership frees it from U.S. curbs
Ren Zhengfei
Ren ZhengfeiPhotographer: Qilai Shen/Bloomberg

Huawei Technologies Co. founder Ren Zhengfei called the sale of its Honor budget smartphone division a “clean break” that should free it from U.S. restrictions and create a new powerhouse in the world’s largest mobile arena.

Ren, blasting Trump administration tactics to contain his company, assured employees in a memo Honor will rapidly resume production after regaining access to American circuitry and software. His missive comes days after Huawei unveiled a deal to sell the business to a consortium of more than 30 Chinese corporations, assembled by government-backed Shenzhen Smart City Technology Development Group Co.