Send a Tweet
Most Popular Choices
Share on Facebook 23 Share on Twitter Printer Friendly Page More Sharing
General News    H4'ed 11/10/18

Why Silicon Valley is worried about US plan to curb Chinese funds

Quicklink Submitted By   1 comment, 3 series
Follow Me on Twitter     Message Susan Lee Schwartz
Become a Fan
  (23 fans)

Amid growing concerns that China is creeping closer to becoming competitive with the US tech industry, a new pilot program will grant the government increased ability to intervene into lucrative foreign investments in Silicon Valley.While it’s unclear how drastically they will be applied, the new rules are causing concerns among industry insiders. They fear that it could cool a US tech market fueled by foreign investment, and that the president will use them as political leverage in his ongoing trade war. “There’s know-how, there’s knowledge, there’s secret sauces, and the way you get that is by buying companiesThe Chinese shifted their strategy a couple years ago, to ‘let’s just buy companies and we don’t have to go through all this.’ That’s what the bill is intended to block.”

Read the rest of the story HERE:

Rate It | View Ratings

Susan Lee Schwartz Social Media Pages: Facebook Page       Twitter Page       Linked In Page       Instagram Page

I began teaching in 1963,; Ba and BS in Education -Brooklyn College. I have the equivalent of 2 additional Master's, mainly in Literacy Studies and Graphic Design. I was the only seventh grade teacher of English from 1990 -1999 at East Side (more...)

Related Topic(s): ; ; , Add Tags
Go To Commenting
The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.
Follow Me on Twitter     Writers Guidelines

Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
Support OpEdNews

OpEdNews depends upon can't survive without your help.

If you value this article and the work of OpEdNews, please either Donate or Purchase a premium membership.

If you've enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.
Daily Weekly     OpEd News Newsletter
   (Opens new browser window)

To View Comments or Join the Conversation:

Tell A Friend