Microsoft is fine avoiding China as U.S. considers national security implications, CEO Satya Nadella says
Publishing timestamp: 2023-11-15 15:57:02
Summary
Microsoft CEO Satya Nadella stated that the company is not focused on China as a domestic market but does business with Chinese companies operating outside of the country. Microsoft has notable Chinese customers and provides artificial intelligence services to companies like Li Auto and Xiaomi. The article also mentions the fraught business relationship between the US and China, particularly in the technology sector. Microsoft has a visible presence in China but acknowledges the restrictions imposed by the US government. While China is not a major revenue source for Microsoft, the company relies on the country for manufacturing. Microsoft has faced challenges in China, including the closure of its localized apps and the push for government agencies to use domestic operating systems.
Sentiment: NEUTRAL
Tickers: MSFT, META, BIDU, GOOGL,
Keywords: breaking news: technology, alphabet inc, jill biden, baidu inc, enterprise, business, satya nadella, microsoft corp, business news, meta platforms inc, technology,