Trump is banning China’s Huawei in 5G. US companies will not sell components for China’s 5G. Qualcomm, Micron and other companies will not be selling to Huawei.
Cisco is a big winner and is up 6.6% today.
This is more than the Trade War. This will be full technology war with the US blacklisting China for 5G.
China will have to try to recreate key technology. China was able to get around US restrictions on supercomputer technology.
The US still has the upper hand in technology and consumer purchasing power.
This is engaging a full technological and economic competition.
The US still has twice as much consumer spending as China and China is behind in critical technology of semiconductors, materials and jet engines.
— Presidential News Network (@POTUSNetwork) May 15, 2019
Trump's Huawei Threat Is Nuclear Option to Halt China's Rise – Bloomberg https://t.co/gIy1feWdZE
— Samantha LaDuc (@SamanthaLaDuc) May 16, 2019
SOURCES- Twitter, CNBC
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.
A frequent speaker at corporations, he has been a TEDx speaker, a Singularity University speaker and guest at numerous interviews for radio and podcasts. He is open to public speaking and advising engagements.