For the technology industry, Trump's reign was marked by a US war with Chinese companies, including
Technology companies hope thatthe Biden administration could eliminate or slow the decoupling of Chinese and American supply chains. After all, since Huawei was blacklisted by the Commerce Department, American suppliers have lost billions of dollars in revenue. Experts say Biden will be less likely to push for such a disengagement and will bring more options for cooperation with Beijing.
According to one expert, Biden toowill be tough on China, but will think more strategically in this direction. That is, the new president’s approach will be more careful than Trump’s approach, which caused damage to American companies.
However, even under Biden, technologicalcompetition between China and the United States will continue to intensify. The big shift in the supply chain that happened after the sanctions on Huawei is likely not going anywhere. Apple, HP, Dell and Google have already asked their suppliers to move production from China. For example, Apple plans to move more manufacturing facilities to India and Vietnam.