Will the tech giants have a good day after Biden’s election?

On November 6th, the third day after election day in the United States, counting in several “swing states” finally drew to a close. As of 20 p.m. Beijing time, Republican presidential candidate Donald Trump had a 0.3-point lead in Pennsylvania, while Democratic presidential candidate Joe Biden had a near one-point lead in Nevada and a similar lead in Georgia, with Biden in unlimited proximity to the presidency.

The 2020 U.S. presidential election has generated waves of talk. In a year of new crowns, it’s really in the interests of all parties, including local U.S. businesses, especially Silicon Valley, who will be elected by Biden and Trump.

In the run-up to the election, Silicon Valley’s tech giants gave generously in the hope of reversing President Trump’s damage to the decoupling of technology between china and the United States.

Mr. Trump’s frequent attacks on Chinese companies have also left the future of Chinese companies uncertain. Mr. Trump’s attitude is clear, but what will he bring to the tech industry if Mr. Biden takes office?

If Biden wins, Silicon Valley tech companies will at least breathe a sigh of relief, at least not face a Twitter storm late at night. At least Biden will respect political traditions and legal means more than Trump’s “impulsive” decisions.

Li Mingwei (a Washington-based lawyer) told Zhixin.com that the U.S. values intellectual property rights and may focus more on high-tech companies, but on the face of it it will certainly not target Chinese companies, and if an Indian company enters the U.S., endangering national security and leaking private information, the U.S. will also press against it.

But Wang Jie (a lawyer who focuses on the TMT field) says many of the problems are big-power games in technology, with increased regulation of tech giants and “targeting” Chinese companies not conflicting.

But the prevailing view is that Biden will not go any further on this issue than the Trump administration.

Will the tech giants have a good day after Biden's election?

Left or right?

For the next four years, the tech industry will continue to face the Trump administration’s “impulsive” decisions, or the Biden administration’s growing strain on the tech industry.

A recent study by the Information Technology and Innovation Foundation, a Washington-based public policy think-tank, suggests that the US could lose out to China in the next year or two in terms of global average innovation. But Biden’s strategy is to invest more in research and development, and Trump has proposed more investment in artificial intelligence, but has been trying to cut overall support for research.

Media analysis said that if Biden is elected, the foundation of the technology industry will be more stable than under the Trump administration. While Biden is unlikely to control Democrats eager to oversee the tech giants, at least he will have other priorities. The fight against the tech giant is not a big part of Biden’s agenda between, and none of the 49 documents listed on his campaign website directly address his plans for the industry.

However, Axios cites some Democrats familiar with Biden’s style as saying that once Biden takes office, he could take radical steps against the tech industry. Two of the biggest challenges facing Silicon Valley tech giants are antitrust pressure and Section 230.

In recent years, Democrats have become increasingly angry about Facebook, which they see as a channel for Trump and right-wing groups to spread false information and dehumanizing statements.

In January 2019, Biden told the New York Times that he was “never a big fan of Zuckerberg.” I think he is a troublemaker. “During this presidential campaign, the Biden campaign has wrote to Facebook several times complaining about its failure to remove false or misleading statements.

Biden, like Trump, has called for the repeal of Section 230, which protects technology companies’ ability to control content as they wish, such as not taking responsibility for users who post hate speech.

Biden wants to end the internet platform’s immunity from liability for material posted by its users. Observers, though, are divided over his seriousness and whether this is his priority. In July, however, House Democrats condemned the leaders of Facebook, Google, Amazon and Apple at an antitrust hearing.

So if Biden becomes president of the United States, regulation of high-tech companies will not be relaxed. But these companies should be able to catch their breath a little more than Mr. Trump’s usual “impulsive” behavior.

In September, a CNN review of the campaign found that employees at Amazon, Google, Facebook and Apple donated three times as much to the Biden campaign as Trump did in July.

For U.S. tech giants, Silicon Valley companies are heavily sponsoring Biden’s campaign, and they may be more eager for Biden’s election to bring some relatively moderate policies, Mr. Li told the network. Many of the services of the U.S. tech giants are outsourced, and since June, Mr. Trump has begun restricting H-1B visas for highly skilled people, leading to a shortage of talent, a huge loss for Silicon Valley tech giants. Biden’s Democratic Party has always encouraged immigration.

If elected, Mr. Lee said, Mr. Biden would be more focused on globalization than Mr. Trump’s american-first philosophy, which the U.S. tech giants desperately need.

The second is the problem of technology outsourcing, many of the computer talent to the United States are Indians, driving down labor costs, but also reduce the cost of talent of technology companies, these are driven by economic interests.

Will the tech giants have a good day after Biden's election?

Another kind of pressure

Mr. Trump’s policies have left many Chinese companies shivering. In early August, the Trump administration wanted to block ByteDance’s TikTok locally, asking byteDance to spin off TikTok’s U.S. operations. At the same time also want to block Tencent WeChat, but because of non-compliance with the law, failed to do so.

“A lot of technology companies don’t like what Trump is doing with China,” said Rob Atkinson, ITIF’s president.

According to the Nikkei News, the tech community is pinning its hopes on a Democratic victory in an effort to reverse the decoupling of technology between China and the United States. According to data from the Center for Responsive Politics, a nonprofit, Google’s parent company, Alphabet, Microsoft, Amazon, Apple and Facebook, make up five of the top seven donors to Biden’s campaign committee. None of Mr. Trump’s leading presidential campaign donors comes from the tech industry.

Since the U.S. blacklisted Huawei from its trade list last year, it has directly cost U.S. suppliers billions of dollars. This year, as tensions between the two countries have become more strained, the Trump administration has found new targets and begun a crackdown on Chinese technology companies, including TikTok, which could take a bigger toll on the U.S. technology industry.

But if Biden is elected, will he take more stringent measures against Chinese technology companies than the Trump administration? “It’s not clear yet,” Li Mingwei, a Washington-based lawyer, told Zhixin.com. He (Biden) seems to have very few very clear attitudes to this, at least not to China. “Whoever comes to power will have to act in accordance with the law, not specifically to crush China, of course, if there are enterprises touched on national security, citizen information leakage, this is standard.”

Mr. Li also noted that for Chinese high-tech companies, Americans believe that Chinese companies are stealing their intellectual property, something the Trump administration is doing, and there is no doubt that Biden will continue to pay attention to that in the future. So in essence, the impact may be more concentrated in high-tech enterprises, but on the surface certainly will not target Chinese enterprises, if an Indian company into the United States, endangering national security, leaking private information, the United States will also be depressed.

Wang Jie, a lawyer in China who focuses on the TMT field, told Zhi xiang.com, “It is predictable that there will be a common trend around the world for tech giants to strengthen regulation and control their influence, and that may not change as a result of the election.” It’s just that Biden respects political traditions and legal means, and will be more detailed, making it more predictable for technology companies. “

In Mr Wang’s view, greater regulation of tech giants and “targeting” Chinese companies could coexist. While Biden does appear to be relatively “moderate” at the moment, he notes that many of the problems are big-power games in technology, and that personal leadership style is only one factor.

In the future, if technology companies involved in China’s sea travel are involved, the U.S. may still be writing about data security.

West, of Brookings, one of America’s leading think-tanks, argues that even with Biden’s election, there is no reason for the relatively unsoptory about the thaw in Sino-US relations. “Biden will also take a hard line on China, just because the U.S. has moved toward a tougher stance,” he said. It’s just that he’ll pay more attention to the process. At this point, I don’t think he’s going to go any further than the Trump administration. “

Dan Ives, an analyst at Wedbush, said in a note to investors that many Wall Street analysts expect the Biden administration to take a slightly softer stance on China’s technology and policy issues.

In the words of ITIF Atkinson, “During Biden’s presidency, at least one would not see this decoupling accelerate.” “

Who will dominate U.S. science and technology policy?

When it comes to what Biden will bring to the tech industry, he has to mention a few key figures in Biden’s team.

Kamala Harris, a California senator and Vice Presidential candidate of The Democratic Party of China, is a Jamaican-born father with an Indian-American mother on August 11. It is also the first time in U.S. history that a woman of black and Asian descent has been nominated for vice presidential election by a major U.S. political party.

Since Harris first ran for California attorney general a decade ago, silicon valley tech giants have been enthusiastic about supporting her. As a Bay Area politician, Harris has strong ties to the tech world. She was twice elected attorney general and ran unsuccessfully for the Senate, and although she lost her race for the Democratic presidential nomination, all of her campaigns were sponsored by Silicon Valley’s tech elite.

In Harris’s first state campaign, she raised 36 percent more money than her Republican rivals, relying on large donations from prominent tech investors. Mr Harris has been sponsored by billionaire and early Google investor John Doerr and Ron Conway, a venture capitalist active in Democratic politics.

Her network of family, friends and former political aides has spread throughout the tech world. Harris became a senior adviser in the Senate office to Amazon’s internal sayers, focusing on privacy and security issues. Harris’ brother-in-law, Former Justice Department official Tony West, is Uber’s chief legal officer.

While the vice president rarely formulates policies, Harris, as a former state attorney general, is likely to have a say in Biden’s political appointments at the Justice Department, including officials overseeing the enforcement of antitrust laws, the New York Times reported. She could also have a major impact on the Biden administration’s science and technology policies, as Biden’s focus will be on other issues.

During the Biden campaign, two of his aides, Bruce Reed and Stef Feldman, offered him advice on technology policy, according to multiplemedia reports. Among them, Reid served as Biden’s chief of staff from 2011 to 2013, was his top policy adviser and has long been a member of Biden’s inner circle.

Notably, Jim Steele, CEO of Common Sense Media, a children’s rights group, was one of the more prominent and politically relevant figures calling for a rewrite of Clause 230. Steele helped lead the Stop Hate For Profit campaign, which called on advertisers not to run ads on Facebook. Steele’s close ally on these issues is Reed. Steele also co-authored a paper with Reed calling on Washington to abandon “Article 230.”

Another person to be reckoned with is Mignon Clyburn, the daughter of South Carolina Rep. Jim Clyburn. As a veteran of the Obama administration, Claimoto was the only black woman ever to head the Federal Communications Commission. She is close to many on Biden’s campaign team and an ally of Biden and is considered one of the key figures who helped him win the Democratic nomination.

According to Axios, citing observers, Clyburn will get an ideal job in the Biden administration and is optimistic that she will become chairman of the Federal Communications Commission unless she refuses.