Technology, Economics, And Governance News Roundup | October 14-21
Sun, 10/30/2022 – 14:50
Industrial Policy & International Security
Big Tech Goes to War | Foreign Affairs
What happens when tech companies stop providing an essential good or service in a war zone? Managing uncertainty is a known challenge in conflict but the role that tech companies are playing in Ukraine is introducing new dynamics. Elon Musk is wavering on how long he will continue to provide Starlink services, which have become the backbone for Ukrainian communications. Other cybersecurity and satellite companies have also stepped in to assist in Ukraine. But companies operate according to different interests than national governments. It is time for the US government to establish new methods of communicating and coordinating with corporations to ensure independent private sector decisions do not introduce unnecessary instability into conflicts. Additionally, experts in government can help companies prepare for potential geopolitical blowback.
Intel and the $1.5trn chip industry meltdown | The Economist
While the CHIPS Act is increasing supply, new export bans targeting China are decreasing demand and American-listed chip businesses are losing revenue. Although the chip industry is known to be cyclical, government intervention is pushing this cycle to extremes. This …read more
Source:: Hoover Institution