On July 13, Joe Biden began his first presidential visit to Israel. The country doesn't see eye to eye with the US on a number of crucial foreign policy issues, such as the Biden administration's attempts to revive the Iran nuclear deal or its tough stance on Russia over the war in Ukraine. But the trip could give Biden a chance to highlight real progress in another geopolitical arena: the US rivalry with China over advanced technologies.
A long-running US effort to steer Israel's tech industry away from China had yielded only patchy results, but now it seems to be working. Ties between Israel's tech sector and China have eroded in recent years, threatening to cut off a key remaining option for Beijing to access strategically important technology.
Despite its size, Israel is an essential focus for geopolitical maneuvering over tech. It's a major hub for cybersecurity companies, many staffed by veterans of elite military intelligence units. About 40% of the private global investment in cybersecurity now takes place in Israel, according to the country's National Cyber Directorate. Hundreds of foreign companies have also set up research and development centers in the country.
This story is from the July 18, 2022 edition of Bloomberg Businessweek US.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the July 18, 2022 edition of Bloomberg Businessweek US.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
Instagram's Founders Say It's Time for a New Social App
The rise of AI and the fall of Twitter could create opportunities for upstarts
Running in Circles
A subscription running shoe program aims to fight footwear waste
What I Learned Working at a Hawaiien Mega-Resort
Nine wild secrets from the staff at Turtle Bay, who have to manage everyone from haughty honeymooners to go-go-dancing golfers.
How Noma Will Blossom In Kyoto
The best restaurant in the world just began its second pop-up in Japan. Here's what's cooking
The Last-Mover Problem
A startup called Sennder is trying to bring an extremely tech-resistant industry into the age of apps
Tick Tock, TikTok
The US thinks the Chinese-owned social media app is a major national security risk. TikTok is running out of ways to avoid a ban
Cleaner Clothing Dye, Made From Bacteria
A UK company produces colors with less water than conventional methods and no toxic chemicals
Pumping Heat in Hamburg
The German port city plans to store hot water underground and bring it up to heat homes in the winter
Sustainability: Calamari's Climate Edge
Squid's ability to flourish in warmer waters makes it fitting for a diet for the changing environment
New Money, New Problems
In Naples, an influx of wealthy is displacing out-of-towners lower-income workers
