Reuters: Technology News: China's Huawei rules out acquisitions to grow in smartphones

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China's Huawei rules out acquisitions to grow in smartphones Sep 4th 2013, 13:31 Tweet Share this Email Print A man looks at a Huawei mobile phone as he shops at an electronic market in Shanghai January 22, 2013. Credit: Reuters/Carlos Barria LONDON | Wed Sep 4, 2013 9:31am EDT LONDON (Reuters) - China's Huawei will not buy another mobile phone maker, such as Blackberry, to grow its market share in smartphones, senior vice president and board member Chen Lifang said on Wednesday. Analysts' attention has focused on the future of struggling smartphone makers Blackberry and HTC Corp after Microsoft agreed to buy Nokia's handset business on Tuesday. Huawei was linked to Nokia in June when the head of Huawei's consumer business Richard Yu was quoted by the Financial Times newspaper as saying the company could consider an acquisition such as buying the Finnish group. Huawei played down the report, saying it had no plans to buy Nokia. Chen Lifang said on Wednesday the group was not considering buying any handset makers. "We haven't considered (an acquisition)," she told reporters in London. "We want to rely on ourselves." Underlining Huawei's innovation, the company said on Wednesday it had signed an architecture licensing deal with British processor design company ARM that will enable it to design its own microprocessor cores. The group has partnered ARM for nine years, using the Cambridge-based company's low-power technology in its telecoms gear, cloud computing and handsets businesses. The new ARMv8 license allows Huawei to incorporate ARM's technology in more products in areas like networking and cloud computing, the company said. (Reporting by Paul Sandle; Editing by Mark Potter) Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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