IBM Will Share Tech With China To Help Build IT Industry There

Posted by Soulskill on Monday March 23, 2015 @09:15PM from the different-tack-from-Google dept.

An anonymous reader sends this report from Reuters: IBM Corp will share technology with Chinese firms and will actively help build China's industry, CEO Virginia Rometty said in Beijing as she set out a strategy for one of the foreign firms hardest hit by China's shifting technology policies. IBM must help China build its IT industry rather than viewing the country solely as a sales destination or manufacturing base, Rometty said. ... [Her] remarks were among the clearest acknowledgements to date by a high-ranking foreign technology executive that companies must adopt a different tack if they are to continue in China amid growing political pressure. A number of U.S. technology companies operating in China are forming alliances with domestic operators, hoping a local partner will make it easier to operate in the increasingly tough environment for foreign businesses.

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She should be fired by MikeRT · 2015-03-23 23:09 · Score: 4, Interesting

And sued into the poor house by the shareholders and board of directors. This is not just training competition, but competition in a country notorious for wiping its ass with IP and trade secrets, using every other dirty trick to get ahead and using hyper nationalist politics to freeze out companies like IBM. Were she a politician and not a business executive, it would be roughly grounds for treason.