Beijing Seeks to Acquire US Tech by Enticing Silicon Valley Startups to Set Up in China

Beijing Seeks to Acquire US Tech by Enticing Silicon Valley Startups to Set Up in China
Googleplex in the Silicon Valley city of Mountain View, CA on March 12, 2020. GLENN CHAPMAN/AFP via Getty Images
Nicole Hao
Updated:

In China’s bid to acquire advanced technology from the United States, officials from the north-central city of Baoding tried to meet with Silicon Valley executives and discuss deals for companies to set up offices there, according to internal government documents that The Epoch Times obtained recently.

Citing the Chinese regime’s key strategy of “bringing technologies in, exporting our products out,” the Baoding government detailed a successful example: it attracted AXT Inc., a U.S.-based designer and manufacturer of semiconductor substrates, to set up a factory in Dingxing county, Baoding.

Nicole Hao
Nicole Hao
Author
Nicole Hao is a Washington-based reporter focused on China-related topics. Before joining the Epoch Media Group in July 2009, she worked as a global product manager for a railway business in Paris, France.
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