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World 31/08/2020 Tagesspiegel (Germany): Which Chinese companies may now be in the focus of Donald Trump
Tagesspiegel (Germany): Which Chinese companies may now be in the focus of Donald Trump

Tashkent, Uzbekistan (UzDaily.com) -- Against the background of aggravation of contradictions between the United States and China, in addition to Huawei, Tiktok and Tencent, other large Chinese companies are suffering. They may also soon become the focus of Trump’s isolationist policies.

For example, SZ DJI Technology has grown into the world’s leading drone manufacturer in a very short time. DJI has cut its international sales and marketing staff from 180 to 60 in recent months due to US sanctions, according to Reuters. The company employs 14 thousand people around the world. According to research company Frost & Sullivan, DJI controls more than 70% of the global consumer and industrial drone market, which in this year. estimated at US$8.4 billion

Until January 2020, the US Department of Internal Affairs has used up to 800 DJI drones in emergency situations. The Trump administration has banned the use of Chinese-made drones and should instead support domestic production of drones.

Moreover, in October 2019, the US government blacklisted several more Chinese companies. One is SenseTime, which is accused of facilitating the Chinese Communist Party’s campaign of persecution of Uighur Muslims. The company reportedly recently planned to expand its operations in Europe. But after the UK announced it would ban Huawei, those plans were put on hold.

SenseTime, worth around €6.64 billion, is the world’s most valuable artificial intelligence startup. Its technologies are widely used for facial recognition and in driverless cars.

Catcher Technology in Taiwan, a supplier of metal cases for iPhone, has announced the sale of its 2 production sites to China’s Lens Technology. The company recently looked for alternatives to its manufacturing facilities in China.

Deutsche Bank experts believe that the lost position in the technology market, the costs of transferring production facilities from China, could cost global technology companies a total of US$3.5 trillion over the next 5 years. Notably, much of this burden will be borne by American companies.

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