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The Five Biggest Issues for Technology Companies -2-

01/16/2021 | 12:14pm EST

Maintaining the status quo would let U.S. officials figure out how to spur America's tech industry. Congress recently passed national-security legislation to give chip companies grants and financial incentives, which lawmakers indicated could be as much as $3 billion per project. Biden advisers have signaled they intend to continue a Trump administration effort to spur U.S. companies to develop open-source 5G equipment technology that could compete against Huawei. And the president-elect himself made encouraging U.S. manufacturing of electric vehicles -- a supply chain that China currently dominates -- a central plank of his platform.

"The U.S. priority is to increase domestic semiconductor manufacturing so that it's less reliant on potentially volatile sites in Asia," says Dan Wang, a Beijing-based tech analyst at Gavekal Dragonomics. "Meanwhile, China has to rebuild substantial portions of the semiconductor software and equipment supply chain."

--Stu Woo

(END) Dow Jones Newswires

01-16-21 1214ET

Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. 0.74% 2075.45 Delayed Quote.19.18%
AMAZON.COM, INC. -1.24% 3156.08 Delayed Quote.-0.22%
APPLE INC. -0.93% 124.62 Delayed Quote.-5.04%
FACEBOOK INC -0.38% 264.79 Delayed Quote.-4.70%
GENERAL MOTORS COMPANY 1.74% 52.015 Delayed Quote.22.74%
GUANGZHOU AUTOMOBILE GROUP CO., LTD. -3.38% 7.44 End-of-day quote.-13.69%
HYUNDAI MOTOR COMPANY -3.89% 235000 End-of-day quote.22.40%
MICROSOFT CORPORATION -0.30% 232.52 Delayed Quote.8.34%
TESLA, INC. 4.75% 731.96 Delayed Quote.1.25%
TWITTER -1.27% 72.23 Delayed Quote.35.12%
VOLKSWAGEN AG 1.01% 172.62 Delayed Quote.14.16%
ZOOM VIDEO COMMUNICATIONS, INC. -0.32% 387.1699 Delayed Quote.16.90%
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