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Monday, October 8, 2012

The ONCE Great America...Did you see 60 Minutes Last Night?

If you're concerned about the decline of American economic power and the rise of China, then there is no better case study than Huawei. Chances are you've never heard of this Chinese technology giant, but in the space of 25 years it's become the largest manufacturer of telecommunications equipment in the world; everything from smart phones to switchers and routers that form the backbone of the global communications network. It's an industry the U.S. invented and once dominated, but no more. 

(CBS News) U.S. companies have largely left the telecommunications business to foreigners, but can we trust the Chinese to build and maintain the critical data infrastructure that government and industry rely on without spying on us? Steve Kroft investigates.

 

2 comments:

  1. Saw that, and the other one about Italians cornering the eye glass market. With all the computer companies in this country and the technological edge we had, how the hell could they become such a leader? Maybe it's the same way the Soviets beat us to space. They couldn't build a decent flush toilet, but they got excellent results in the stuff they put their concentration and energy to: The T-34, the Kalashnikov, Sputnik, but still, you're squatting over a hole in the ground. I'd bet the Chinese saw an opportunity and put all their energy into it. It's a sham company that really fronts for the Chinese government. Real question is, why hasn't some American entrepreneur taken up that sword?

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  2. I think a lot of people have heard of Huawei Technology Corporation, aka HTC. The HTC One X is a very popular smartphone right now. I've got an old HTC Windows Mobile phone in my desk right now. Kinda scary. Can you say "Dragon Day"?

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