You are here

Trade wars supercharge China's drive to tech self-sufficiency

America's pole position in IT may not last for much longer as China's upstarts get ready for a tech war.

BT_20191204_TIKTOK_3967717.jpg
TikTok, the wildly popular social media app owned by Beijing-based ByteDance, has blazed a trail from China directly into America's backyard. For the past six months in a row, TikTok has beaten all Western apps on monthly downloads.

TTHE US and China are fighting a battle for global tech supremacy on multiple fronts, from competing social media platforms to Internet backbone technologies such as 5G. Against this backdrop, America's traditional dominance in the semiconductor industry looks to be at risk, as trade war tariffs...

sentifi.com

Market voices on: