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© (c) Copyright Thomson Reuters 2019.Japan to limit foreign ownership of firms in its IT, telecom sectors
By Leika Kihara and Tetsushi Kajimoto TOKYO©2024 GPlusMedia Inc.
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theFu
This is both good and bad.
Think I'd prefer a law/rule that was reciprocal in nature. If your country blocks Japanese ownsership, then Japan should block that specific country to at least the same level.
It doesn't have to be all or nothing. Impact the countries not playing fair. That's what I'd want. But definitely do something.
Silvafan
It is scam! They will start applying this rule to save Japanese companies from being taken over like Nissan and Renault. So they won't nationalistic to the rest of the world especially with UN.
drlucifer
National Security is like a joker it can be used as an excuse to protect any industry or product even bolts and screws.
China is said to steal tech from the west which is not entirely true. There are many foreigners working for Huawei that were head hunted from US, European and Japanese the companies with bigger pay. That is why companies like Huawei have been able to make rapid progress in technology.
vinarius@pm.catv.ne.jp
Unfortunately, the west is no more that great in anything. Americans are working in Huawei, Canadians are working in Huawei, many nationalities are working in Huawei, the problems here are simple. 1). when one is incapable, one blames the one that is capable. 2). The big coward here is America, who do not have the capabilities to pay but wants to take claims. 3). a country attacking a business ???.no educated people in their correct mind will take this stand. Only unwise, greedy and weak people will believe America. Pls beware, this can happen to u one day, when yr business get big enough and better than trump. oh, yes, jealousy plays a main part too. Good luck to all good businessmen.
Silvafan
@vinarius
Or there is the possibly that Chinese 5G technology has backdoors like other Chinese government backed companies and industries and could be used by the Chinese government to steal data or disable countries. They have already identify issue with Chinese 5G technology.
‘Hidden backdoors’ were found in Huawei equipment, reports Bloomberg
https://www.theverge.com/2019/4/30/18523701/huawei-vodafone-italy-security-backdoors-vulnerabilities-routers-core-network-wide-area-local
lostrune2
China has the same rules - so complain about China too
Travelmaster
China uses technology companies strategically and systematically to illegally obtain foreign commercial technology and use it to develop its own military.
Famous SPY case: Did a son die protecting American secrets?
https://www.cbsnews.com/news/48-hours-did-a-son-die-protecting-american-secrets/
Travelmaster
About these limitations
It is not desirable as the soundness of the market. However, it can not be denied from the viewpoint of national security.
theFu
Bloomberg isn't exactly a reputable source for any technology news. Turns out the "back door" was just telnet. That is hardly a back door, but no devices of any sort should be using telnet since the early 2000s.
theFu
It was just telnet and bad code publicly "found"
https://www.techrepublic.com/article/evidence-of-backdoors-in-huawei-equipment-collapse-under-light-scrutiny/
https://www.theregister.co.uk/2019/04/30/huawei_enterprise_router_backdoor_is_telnet/
Bloomberg cried wolf a few times about technology issues the last 12 months and every time, it wasn't true.