Business Standard

Sunday, December 29, 2024 | 12:08 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Donald Trump effort to keep US tech out of China alarms American firms

The Trump administration's crackdown has already prompted foreign firms to shun American components and technology over concerns that access to parts they need could be abruptly cut off.

US Tech
Premium

While tech companies say they support efforts to protect U.S. national security, dozens of companies and industry lobbying groups have expressed concerns about the proposal.

Ana Swanson & David McCabe | NYT Washington
The US administration’s push to prevent China from dominating the market for advanced technologies has put it on a collision course with the same American companies it wants to protect. Firms that specialise in microchips, artificial intelligence, biotechnology and other industries have grown increasingly alarmed by the administration’s efforts to restrict the flow of technology to China, saying it could siphon expertise, research and revenue away from the United States, ultimately eroding America’s advantage.

The concerns, which have been simmering for months, have taken on new urgency as the Commerce Department considers adopting a sweeping proposal that would allow the

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in