From TikTok to Nvidia, the Tech War Is Getting Uglier
ByteDance's current dilemma is a taste of what's to come as more firms will get pinched from both the US and Chinese sides.
The battle for tech supremacy is boiling over.
Photographer: Bing Guan/BloombergByteDance Ltd.’s options for TikTok in the US are looking increasingly desolate, as the tech war between Washington and Beijing boils over. The mutual distrust and tit-for-tat animosity lays bare the new reality, where more firms will be pinched from both sides.
China’s market regulators are now targeting Nvidia Corp. in a probe stemming from a deal Beijing approved years ago. The move against the Santa Clara-based chipmaker follows other recent escalations; Beijing halted exports of certain minerals with tech applications to the US after Washington intensified chip curbs to China last week. China is also cutting off drone supplies to the US and Europe that have become a vital part of Ukraine’s defense.