Huawei recently started selling a phone called the Mate 60 Pro containing a chip that analysts believe was made with a technology breakthrough by SMIC.
The division, known as Lab126, was a focus for Amazon s founder Jeff Bezos, who portrayed it as an engine for future projects, but more recently it has been buffeted by mass layoffs and key executive departures.
Steve Albrecht, a non-executive independent director on Oyo s board said in terms of corporate governance, the company is at a very professional level at this point and cost controls are better than ever.
During Amazon s Prime Event, the e-commerce giant is encouraging its merchants to offer discounts, a strategy that could prompt some frugal shoppers to open their wallets and splurge on gifts well ahead of the Black Friday and Cyber Monday shopping days.