Top investors and company leaders emphasized how unpredictable the global economy has become as the U.S. and China battle over trade and technological dominance, at WSJDLive
Snap's chief strategy officer, Jared Grusd, says there is a lot to learn from the company's Chinese partner, Tencent. By Timothy W. Martin June 14, 2019 8:54 a.m. ET HONG KONG—The U.S.-China feud is challenging the technology industry in areas including financial deals, supply chain and talent recruitment, though some players are finding bright spots, executives said on Friday.
The U.S. last month put Huawei Technologies Co. on a trade blacklist that bars sales of components to China’s leading producer of smartphones and telecom equipment without a Commerce Department license. That move has created pain for some tech suppliers, including Micron Technology Inc., one of the world’s largest makers of memory chips.
“We will always focus on following the laws and regulations,” Mr. Mehrotra said. “However, there are details to be pursued and to be studied. That’s what our team continues to do.” In a recent survey of its users, Chinese citizens reported that they felt threatened by the trade dispute. “Chinese nationals were actually feeling threatened by the trade war, especially in hardware companies like Qualcomm , ” Mr. Kim said.
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