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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. 0.30% 2021.91 Delayed Quote.15.36%
AMAZON.COM, INC. 1.17% 3092.93 Delayed Quote.-6.13%
APPLE INC. 0.22% 121.26 Delayed Quote.-8.61%
FACEBOOK INC 1.15% 257.62 Delayed Quote.-5.69%
GENERAL MOTORS COMPANY 1.44% 51.33 Delayed Quote.23.27%
GUANGZHOU AUTOMOBILE GROUP CO., LTD. -3.61% 7.2 End-of-day quote.-16.47%
HYUNDAI MOTOR COMPANY -3.27% 237000 End-of-day quote.23.44%
MICROSOFT CORPORATION 1.48% 232.38 Delayed Quote.2.95%
TESLA, INC. -0.99% 675.5 Delayed Quote.-4.28%
TWITTER 3.31% 77.06 Delayed Quote.42.31%
VOLKSWAGEN AG 1.13% 173.02 Delayed Quote.13.52%
ZOOM VIDEO COMMUNICATIONS, INC. 2.43% 373.61 Delayed Quote.10.76%
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