Honor faces potential U.S. economic ban in spite of Huawei spin-off

Republican lawmakers argued that Honor's spin-off last year was meant to dodge U.S. export restrictions. What you need to know U.S. Republican lawmakers have asked the Commerce Department to add Honor to its Entity List. The move could cut off the firm's access to components and technology that it uses to build smartphones and networking hardware. The lawmakers have accused Honor to have deep ties with the Chinese government, just like its former parent company. Huawei sold off its Honor brand late last year to a consortium of more than 30 companies in an effort to save its skin amid the U.S. economic sanctions against the Chinese firm. That effort might be in vain as some U.S. lawmakers now want Honor to be added to the U.S. Commerce Department's Entity List. Some 14 Republican legislators asked Commerce Secretary Gina Raimondo to include Honor Device Co. in the economic blacklist. If granted, this will designate the company as a national security threat to the U.S. That desig...
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