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New sanctions on major drone maker show how seriously the US has taken the effort to reduce its reliance on Chinese technology, two experts, Bruce Einhorn and Todd Shields of China, told Bloomberg. pilot ”and controls“ more than half of the drone market in the United States ”.
But the Treasury Department recently added DJI and seven other Chinese tech companies to a growing “blacklist,” blocking it from profiting from any U.S. investment.
Although DJI is a private company, it has “become the baby of a much broader national security threat, which is China’s ability to obtain sensitive data for millions of Americans,” as everything from cars to to yoga mats now transmits data, they express. The use of this information is seen as a “key to the dominance of technologies such as artificial intelligence” – and “exploiting the weaknesses of strategic enemies”.
The move against DJI echoes the way the US launched its campaign against Huawei, China’s leading phone maker. But Gina Chon told Breaking Views it was relatively easy to make “Chinese telecom disappear from the US because it had just entered the market.”
“Meanwhile, DJI is another story, because over 900 US public security agencies use its products,” including the New York Police Department. However, since the collapse of the property giant Evergrande, which failed due to debts held by foreign investors, China is now more distrustful of foreign forces, while Beijing, as it is said, “is building a new fortress China”, and which relies more on itself.
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