| <No.739> |
| Silicon Valley Skeptical of Washington's China Concerns |
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They call it the Trump effect.
Increased government scrutiny of Chinese investments in Silicon Valley has meant some deals are not getting done.
Some aren't even considered.
Startups are even declining Chinese investment.
After years of growing ties between China and Silicon Valley, the U.S. tech capital is caught between Beijing and Washington in the competition to create the next generation of communication technologies.
"China's innovation efforts are broad and deep.
China wants to be a global innovation leader and is doing all that it can legally and illegally to achieve its goals."
The U.S. says those methods include massive cyber-hacking campaigns to steal corporate secrets, forced technology transfers to Chinese partners, and government policies that reward intellectual property theft.
The U.S. government wants new barriers up because it believes some technologies, such as artificial intelligence and robotics, are important to national security.
But many in the tech industry see risk in new restrictions.
"I think we should be open and sharing and both countries benefit so much by having a very open communication lane there.
I believe we have a problem that we are putting up barriers where they don't benefit us."
Chinese companies are already racing to build 5G wireless communication networks around the world, which the U.S. says risks giving Beijing enormous opportunities for electronic surveillance.
While Washington wants to make sure the U.S. wins the technology race, Silicon Valley worries its culture of open communication is at stake.
Michelle Quinn, VOA News, San Francisco
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