Tag: Silicon Valley (Calif)

Silicon Valley Venture Capitalists Are Breaking Up With China

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DCM Ventures, a Silicon Valley venture capital firm, began investing in China’s start-ups in 1999. The move reaped such blockbuster returns that in 2021, DCM said it planned to “double down” on its strategy of investing in China, the United States and Japan. Yet when DCM set out to raise money last fall for a new fund focused on very young companies and promoted its “cross-Pacific” expertise, the firm described plans to invest in the United States, Japan and South Korea, according to a fund-raising memo that was viewed by…

Allied Spy Chiefs Warn of Chinese Espionage Targeting Tech Firms

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The United States and its allies vowed this week to do more to counter Chinese theft of technology, warning at an unusual gathering of intelligence leaders that Beijing’s espionage is increasingly trained not on the hulking federal buildings of Washington but the shiny office complexes of Silicon Valley. The intelligence chiefs sought to engage private industry in combating what one official called an “unprecedented threat” on Tuesday as they discussed how to better protect new technologies and help Western countries keep their edge over China. The choice of meeting venue…

Book Review: ‘Chip War’ by Chris Miller

Chin@Strategy

Europe’s failure to grasp the importance of transistors comes through in a great story about the French president Charles de Gaulle sniffing at a transistor radio — a gift from Hayato Ikeda, the prime minister of Japan, in 1962. De Gaulle apparently found the radio distasteful, a tacky gizmo for the petite bourgeoisie. Only much later, in the Netherlands, did Europe make its own breakthrough in chip engineering, with the invention of extreme ultraviolet (EUV) lithography, a heart-stoppingly precise technology that continued to shrink transistors when the progress of miniaturization…