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Honor to invest $10b in AI development over five years

Honor Device, a prominent Chinese smartphone manufacturer, plans to invest US$10 billion over five years to strengthen its AI capabilities, announced during the Mobile World Congress in Barcelona.

The Shenzhen-based company, spun off from Huawei, aims to build an AI-driven device ecosystem with funding from investors, including local Chinese government entities, BOE Technology, and major telecom carriers.

James Li, Honor’s new CEO, discussed the company’s strategy during the event, alongside representatives from Qualcomm Inc. and Google.

Honor plans to collaborate with global supply chain and carrier partners, including Orange and Telefónica.

The company is expanding collaborations with US firms, integrating Google’s Gemini AI into smartphones and launching the MagicBook Pro 14, an AI-powered PC.

Recent Honor developments

Timeline
18-Jan-2025 📱 Honor CEO George Zhao resigns ahead of IPO
  • George Zhao resigns as Honor CEO for health reasons
  • Jian Li to succeed him as the new CEO
07-Jan-2025 📱 Honor to launch premium devices in Indonesia in 2025
  • Honor to enter Indonesia market in early 2025
  • Plans 30+ product releases, including smartphones
20-Dec-2024 🤝 Honor partners with Tencent on cloud, AI solutions
  • Tencent partners with Honor for cloud AI growth
  • Collaboration includes coding assistant for engineers
01-Nov-2024 📱 Honor attracts top investors as it prepares for IPO
  • Honor reveals new investors including China Telecom.
  • Investment comes a year after plans to go public.
26-Apr-2022 📈 Honor seeks expansion capital ahead of potential IPO

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