U.S.-China Tech Tension Will Claim More Victims

By Anonymous

Lenovo is the latest company to see its shares tumble as distrust between the world’s two largest economies deepens

Casualties are mounting as conflict between the world’s two largest economies ratchets up—especially in the tech sector. If they haven’t done so already, investors need to start trying to price in the risks.

The latest victim is China’s largest PC maker, Lenovo, whose shares tanked as much as 23% on Friday after Bloomberg Businessweek published a story claiming China has been compromising the supply chains of U.S. tech companies, using tiny chips secretly embedded in hardware.