Chinese tech giants typically focus on the consumer market. But their appetite for early stage investments in semiconductors is growing.
The launch shows that the split is an initial success, as the Honor phone contains technology that Huawei still finds difficult to acquire.
As espionage scandals and the US campaign against Huawei shook Europe through the 2010s, EU authorities beefed up cybersecurity laws. Greece followed suit.
The US Department of Commerce has told Huawei suppliers that it intents to deny “a significant number of license requests” to Huawei.
US investors will be prohibited from buying Xiaomi shares and will have to divest their holdings by November, according to the executive order.
Huawei is losing its status as a smartphone powerhouse in 2021, with a smartphone shipment forecast putting it in seventh place among global vendors.