

Binary choice: a tech cold war looms
Jul 13, 2020
Patrick Fowles, The Economist's business affairs editor, discusses the intensifying tech cold war between the U.S. and China, emphasizing its impact on global commerce and multinational companies. Adam Roberts, the Midwest correspondent, explores the controversial return of the federal death penalty in the U.S. and shifting public perceptions, particularly among conservatives. They also reflect on the enduring legacy of composer Ennio Morricone and how his innovative scores changed film music forever.
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Tech Cold War Intensifies
- The tech Cold War is escalating, causing a split in the technology industry.
- This split is driven by US actions against Huawei and China's decision to develop its own tech.
Preparing for the Split
- China is boosting its semiconductor production to become self-reliant, while Huawei seeks alternative component sources.
- Companies like Apple and TSMC face challenges due to their dependence on both US and Chinese markets.
Costs and Risks of the Split
- Duplicating supply chains will be costly but potentially tolerable.
- The greater risk is the potential for escalating tensions in finance and trade.