When crisis strikes, governments around the world are increasingly reaching for the switches that limit or halt their citizens’ access to the internet. In 2016, there were 75 such cutoffs; last year, there were 188, according to the advocacy group Access Now.
In a sweeping decision, Judge Lucy Koh has ruled last week that Qualcomm violated the antitrust laws in licensing its 4G digital communications technology in smartphones. “Invent a better mousetrap, and you’ll be rewarded” has long been the motto driving the U.S. innovation economy--from lightbulbs to airplanes to smartphones. Everyone benefits. This is in doubt now.
“The technology war is not going to end,” Alastair Newton, director of Alavan Business Advisory and a former British diplomat, told CNBC’s “Squawk Box” on Wednesday. “Technology is where this battle is going to be fought out, even if we do get a trade deal on bilateral goods.”
If the ongoing tensions between Beijing and Washington force companies to develop two different sets of technologies -- one for China and its aligned countries, and the other for the rest of the world -- then it would be bad news for everyone, according to a senior executive at a multinational tech firm.
As ITIF has argued for more than a decade, there is no question China is the world’s leading practitioner of the dark arts of innovation mercantilism. As such, the United States, and the global trading community more broadly, is well within its rights to insist that China dramatically roll back these egregious and unfair practices, including intellectual property theft, forced technology transfer, and massive industrial subsidies.
It’s thrilling and nail-biting stuff watching the unfolding of what some predict will prove to be the defining event of our time - the onset of a technology cold war between the world’s two superpowers, the US and China. Whether Trump’s tough stance on Huawei turns out to be a hard-ball negotiating tactic or not, the events of the last few weeks will, in all likelihood, set China on a game-changing course towards becoming technologically self-reliant.
America was late to the game--and is now paying the price because China, the world’s second largest and powerful economy behind the U.S., was able to take advantage by stealing secrets from some of the nation’s most critical businesses, including the U.S. government. Secretary of State Mike Pompeo is worried that the communist-led country has stolen defense secrets and used them to technologically advance their own defense systems, in both capacity and intent.
Secretary of State Mike Pompeo told FOX Business’ Maria Bartiromo that Huawei Technologies' ties to the Chinese Communist Party pose the greatest threat to America’s economic and national security. “Huawei is an instrument of the Chinese government. They’re deeply connected. It’s something that hard for Americans to understand,..."
Contrary to popularly held beliefs around automation, the report found that 87 percent of US knowledge workers are comfortable with reskilling in order to work alongside a digital workforce. The report, based on research conducted with nearly 5,000 respondents globally, also revealed that more than three quarters (77 percent) of US respondents have already experienced some of their daily tasks being automated over the course of the last 12 months.
“We’re all going to suffer in this industry if we don’t get this thing resolved,’’ said Tom Caulfield, chief executive officer of Globalfoundries Inc., the largest U.S. contract manufacturer of chips. “Even though you try to do the right thing and force a better balance in trade, it could have negative consequences.’’