Huawei Considers Selling Power Supply Unit to Emerson

July 01, 2001 by Jeff Shepard

Chinese newspapers report that Huawei Technologies Co. (China) is considering selling its power supply system unit to Emerson Electric Co. (St. Louis, MI) for $700.0 to $800.0 million.

The newspapers say that the Huawei sale to Emerson still requires approval from the Chinese government.