It’s going to get tougher for high-tech firms to do business overseas as protectionist policies increase across the globe. U.S. tech firms are being forced to divulge source code, store data locally, weaken security, reveal data and more to appease foreign countries trying to prop up their own domestic technology sectors. Some nations are blocking U.S. tech firms outright. Alphabet, Microsoft, Apple, Intel, Dell, Amazon, IBM and other American tech companies, large and small, face the problem.
China is especially challenging, imposing rules that hinder U.S. firms in cloud computing, cybersecurity, semiconductors, e-commerce and social media. The nation is dead set on boosting its own high-tech economy, from social media to semiconductors, and is squeezing out more concessions from companies. The longtime concern that China’s policies lead to intellectual property theft will only intensify.
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