America was late to the game--and is now paying the price because China, the world’s second largest and powerful economy behind the U.S., was able to take advantage by stealing secrets from some of the nation’s most critical businesses, including the U.S. government. Secretary of State Mike Pompeo is worried that the communist-led country has stolen defense secrets and used them to technologically advance their own defense systems, in both capacity and intent.
Secretary of State Mike Pompeo told FOX Business’ Maria Bartiromo that Huawei Technologies' ties to the Chinese Communist Party pose the greatest threat to America’s economic and national security. “Huawei is an instrument of the Chinese government. They’re deeply connected. It’s something that hard for Americans to understand,..."
Contrary to popularly held beliefs around automation, the report found that 87 percent of US knowledge workers are comfortable with reskilling in order to work alongside a digital workforce. The report, based on research conducted with nearly 5,000 respondents globally, also revealed that more than three quarters (77 percent) of US respondents have already experienced some of their daily tasks being automated over the course of the last 12 months.
“We’re all going to suffer in this industry if we don’t get this thing resolved,’’ said Tom Caulfield, chief executive officer of Globalfoundries Inc., the largest U.S. contract manufacturer of chips. “Even though you try to do the right thing and force a better balance in trade, it could have negative consequences.’’
China occupies a commanding position, producing more than 95 percent of the world's rare earths, and the United States relies on China for upwards of 80 percent of its imports. Rare earths are 17 elements critical to manufacturing everything from smartphones and televisions to cameras and lightbulbs. That gives Beijing tremendous leverage in what is shaping up largely as a battle between the US and China over who will own the future of high-tech.
...the friction between these two superpowers, the U.S. and China, could result in a separation of tech spheres. This is already beginning as Chinese tech companies such as Huawei and Xiaomi look to alternative sources for semiconductor chips and other high-design supplies. It is also happening as U.S. companies are turning away from selling to Chinese companies and into China.
These satellites will demonstrate the ability to provide high-speed internet connectivity for ground stations with a signal delay of less than 20 milliseconds, which is comparable to wired broadband. And this is just the first wave: Eventually, Musk expects SpaceX’s Redmond factory to turn out more than 1,000 satellites a year, with regular 60-satellite launches adding to the constellation.
A new floating bullet train capable of hitting speeds of 600 kilometers per hour (about 372 miles/hour) is one step closer to reality in China. On Thursday, the body prototype for the country's latest high-speed magnetic-levitation (maglev) train project rolled off the assembly line in the eastern Chinese city of Qingdao.
Exports of U.S. technology industry products and services grew by some $16 billion in 2018, to an estimated $338 billion, according to the annual "Tech Trade Snapshot 2019" report released today by CompTIA, the leading trade association for the global technology industry. The report reveals that U.S. technology exports directly supported an estimated 858,000 American jobs in 2017 - the most recent year of available data - an increase of 5.2 percent over the prior year.
Drone aircraft used to be prohibitively expensive, but now you can buy a camera-equipped drone that talks to your smartphone for under $100. The US Department of Homeland Security has issued an alert that drones manufactured by Chinese firms might have become a little too accessible. The DHS says much of the data collected by these drones ends up on servers in mainland China where the Chinese government can access it.