Huawei is cutting its investment in Australia by $100 million and will axe 1000 local jobs as experts warn all sides will be hurt in the China-US tech war.
Telecommunications giant Huawei has revealed a $100 million financial cut to its Australian investment and more than 1000 local job losses, as trade experts said the toll of a China versus Australia and US tech cold war was beginning to play out on all sides.
Tech tensions between Australia, its US allies and China have ramped up significantly in recent times, with a combination of cyber security acrimony and trade war tit-for-tat raising the spectre of a splintered internet, export sanctions and previously global tech enterprises being restricted by national borders.
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Paul Smith edits the technology coverage and has been a leading writer on the sector for 20 years. He covers big tech, business use of tech, the fast-growing Australian tech industry and start-ups, telecommunications and national innovation policy. Connect with Paul on Twitter. Email Paul at psmith@afr.com
