Economist Podcasts Binary choice: a tech cold war looms
Jul 13, 2020
Join Patrick Fowles, The Economist's business affairs editor, and Adam Roberts, the Midwest correspondent, as they discuss the escalating tech divide between the U.S. and China. Fowles highlights the geopolitical implications of the tech cold war, including security fears tied to companies like Huawei. Meanwhile, Roberts explores shifting American attitudes towards the death penalty, noting a generational divide and growing discomfort with capital punishment. The podcast also touches upon the legendary collaboration of Ennio Morricone and Sergio Leone in film music.
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Tech Cold War Intensifies
- The "tech cold war" is escalating, impacting hardware supply chains more slowly than software.
- The decoupling is accelerating due to US actions against Huawei and China's increased investment in self-reliance.
Tech Cold War: Preparedness and Challenges
- China's SMIC is boosting semiconductor production, while Huawei seeks alternative component sources.
- Companies like Apple and TSMC face challenges due to their reliance on both US and Chinese markets.
Tech Cold War: Costs and Risks
- Creating parallel tech systems will be costly and potentially risky, possibly destabilizing finance.
- It could escalate protectionism, impacting various industries beyond technology.