Unwillingness to spend money is a disadvantage for the U.S. in its tech race with China, expert says
SINGAPORE — The United States’ unwillingness to spend money is its biggest disadvantage in a tech race with China, according to a cybersecurity and technology expert.
From imposing restrictions on telecommunications giant Huawei to issuing executive orders banning transactions with ByteDance, and forcing the company to sell the U.S. operations of the popular app TikTok, Washington has stepped up efforts to put pressure on China’s technology firms in recent years.
This month, the U.S. Department of Defense said it is in discussions over whether Semiconductor Manufacturing International Corporation, China’s largest chip manufacturer, should be subjected to export restrictions.
“The U.S.’ biggest disadvantage in this tech race is its unwillingness to spend money,” James Andrew Lewis, senior vice president and director of the Technology Policy Program at CSIS, said on CNBC’s “Squawk Box Asia” on Thursday.
“China might outspend us a 1,000-to-1 when it comes to investing in semiconductors and a