Silicon Valley’s love affair with China is headed for a rapid divorce. Venture investors won huge success backing some of the country’s most successful tech companies, like TikTok owner ByteDance. But rising tensions between Washington and Beijing are now forcing investors to pick sides.
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00:00 The United States is exerting its various powers in that sort of way.
00:07 And this, by the way, was very similar to prior to World War II.
00:11 We embargoed oil.
00:13 We prevented oil from going to Japan before, and we froze their assets.
00:19 In the United States, as they're thinking, chips are like oil.
00:24 So as there's that competition, that's certainly the case.
00:27 It's a reality.
00:29 It's that kind of struggle.
00:31 And then there was a worry, would you get sanctions on the bonds that they own and so
00:35 on.
00:36 So it's that kind of war that-- Not going away.
00:39 No, the technology war isn't going away.
00:41 And how far it passes will be constant tension in terms of the negotiation.