Michelle Giuda on CNBC: U.S. tech companies are recognizing that operating in China isn’t good for business
08.27.24
Krach Institute CEO Michelle Giuda tells CNBC's Becky Quick that many US companies are like "Trudy" stuck in a bad relationship, recognizing they're being mistreated in China, and finally opting out A move that's not just good for business, but national security too.
On the news of IBM pulling their R&D operations out of China, Krach Institute CEO Michelle Giuda tells CNBC‘s Becky Quick that many US companies are like “Trudy” stuck in a bad relationship, recognizing they’re being mistreated in China, and finally opting out. (That’s not just good for business, but national security too.)
According to Giuda, “I think what you are seeing with IBM and a lot of American tech companies is they are recognizing operating in China is not good for business. Set the economy aside, China has made a goal of becoming self-sufficient in emerging technology so they are growing local champions in many technologies American companies have led in for many years and ousting American companies, and it’s a program called Delete America or “Delete A” and it’s just not good for business.
It’s not good for business to have your IP stolen or to have your employees intimidated and it’s not good for business to have customer and user data handed over to the Chinese Communist Party by law, and you are starting to see American companies taking actions that are good for business and national security.
Click the image above to watch the full interview.
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