Fergie's Tech Blog

U.S. Government Concerned Over Chinese Desire to Acquire Seagate

John Markoff writes in The New York Times:

A Chinese technology company has expressed interest in buying a maker of computer disk drives in the United States, raising concerns among American government officials about the risks to national security in transferring high technology to China.

The overture, which was disclosed by the chief executive of one of the two remaining drive makers in the United States, William D. Watkins of Seagate Technology, has resurrected the issues of economic competitiveness and national security raised three years ago when Lenovo, a Chinese computer maker, bought I.B.M.’s personal computer business.

Tensions have been increasing lately between the countries over China’s ambitions in developing its military abilities and advanced technologies for industrial and consumer uses.

posted by Fergie @ 8/24/2007 08:22:00 PM