In mid-October Reuters reported that Huawei is negotiating the sale of the Honor brand. This was denied at the time, but eventually proved correct. Now Reuters is saying that Huawei is negotiating the sale of the flagship P and Mate series.
In response, Huawei officials have issued a statement to Chinese media that the company has no plans to sell its mobile phone business and that it will continue building high-end phones.
The statement does not detail how that will happen, though. Currently, the company has no source of chipsets for its flagship models – HiSilicon is barred from TSMC fabs, Qualcomm and MediaTek are not allowed to sell chips to Huawei.
After the Trump administration put Huawei on the entity list, US companies (and those relying on US tech) required a license to trade with Huawei. Some companies were granted such licenses eventually, but a report from a week ago indicated that some of those were revoked. The Biden administration has so far given no indications as to how it will handle the situation going forward.