Taiwan's Hon Hai pulls out of Huawei deal over 'security threat'

TAIPEI: Taiwan tech giant Hon Hai said Wednesday it has pulled out of a deal to buy 4G equipment from Huawei after the government warned that the Chinese company posed a national security threat. 

Taiwan raised those concerns in March after Hon Hai announced the US$178mil (RM570.9mil) deal, saying telecom equipment purchased from Huawei could be used for cyberespionage.