Wall Street Journal (August 26)
In the “latest retreat by U.S. companies,” IBM is shuttering its R&D operations in China. “Geopolitical tensions between the U.S. and China have led many multinational companies to reassess their business in China.” IBM once viewed “China as a major growth market,” but its market share has plummeted. Revenue dropped nearly 20% last year when “Beijing pushed Chinese buyers to purchase more from domestic technology suppliers, in a campaign dubbed ‘Delete America.’”
Tags: China, Companies, Geopolitical tensions, Growth, IBM, Market share, Multinational, R&D, Reassess, Retreat, Revenue, Shuttering, Suppliers, Technology, U.S.
The Economist (September 19)
“The new age of nationalism will change the way multinational firms are run—for the worse.” The “Corporate contortions” now underway “at TikTok and Arm are an unfortunate sign of things to come.” We are witnessing the birth “Frankenfirms.”
Tags: Arm, Contortions, Firms, Frankenfirms, Multinational, Nationalism, TikTok, Unfortunate, Worse
