Why Silicon Valley is worried about US plan to curb Chinese funds

Amid growing concerns that China is creeping closer to becoming competitive with the US tech industry, a new pilot program will grant the government increased ability to intervene into lucrative foreign investments in Silicon Valley.While it’s unclear how drastically they will be applied, the new rules are causing concerns among industry insiders. They fear that it could cool a US tech market fueled by foreign investment, and that the president will use them as political leverage in his ongoing trade war. “There’s know-how, there’s knowledge, there’s secret sauces, and the way you get that is by buying companiesThe Chinese shifted their strategy a couple years ago, to ‘let’s just buy companies and we don’t have to go through all this.’ That’s what the bill is intended to block.”