Huawei Cuts $100 Million of Investment Following Australian Government’s 5G Ban

Huawei Cuts $100 Million of Investment Following Australian Government’s 5G Ban
The logo of the Huawei Technologies Co. Ltd. is seen outside its headquarters in Shenzhen, Guangdong province, April 17, 2012. . Reuters/Tyrone Siu
Daniel Y. Teng
Updated:

Huawei has cut $100 million of proposed research and development, as well as 1,000 jobs, in response to being banned from developing Australia’s 5G network in 2018 over national security concerns.

Jeremy Mitchell, Huawei Australia’s chief corporate affairs officer, said the company had cut a swathe of initiatives earmarked for states—New South Wales, Victoria, Queensland, and Western Australia.

Daniel Y. Teng
Daniel Y. Teng
Writer
Daniel Y. Teng is based in Brisbane, Australia. He focuses on national affairs, including federal politics and Australia-China relations. Got a tip? Contact him at [email protected].
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