Nov 09, 2020 12:30:00

How will Biden's victory in the presidential election affect the tech industry?

by

jlher vàs

It is reported that the Democratic Party of Japan Joe Biden has been elected in the 2020 US presidential election, and it is expected that various policy changes under the Trump administration will be planned. Foreign media Protocol summarizes the impact of Biden's victory on the technology industry.

What Biden's victory means for tech --Protocol
https://www.protocol.com/biden-election-victory-2020

Mr. Biden has received overwhelming instructions from people in the tech industry since he was elected presidential candidate for the Democratic Party. As a result, the election of Mr. Biden as the 46th president of the United States has given the American tech industry a sigh of relief, Protocol said.

Mr. Trump has been at odds with the tech industry in a variety of areas, including immigration, trade,

network neutrality, and social media content censorship. With Mr. Biden's election, the technology industry is hoping that various problems will return to normal.

Investor Bradley Task told Protocol that 'what everyone, including Republican supporters, will love is a relatively calm and boring president. During the Trump administration, there was a series of anxieties and turmoil every day. the ' it says .

Meanwhile, Protocol pointed out that the election of Democratic Party Biden should not be expected to return to the Obama administration's era of lifting and promoting Silicon Valley. Since President Trump was elected in 2016, there have been so many changes surrounding the tech industry that Protocol believes that public opinion on giant tech companies will not go away.

During the campaign, Biden did not show the full favor of the tech industry like Obama, nor did he strongly oppose him as President Trump did. In addition, the twist between the Senate and the House of Representatives is likely to continue , making it difficult to accurately predict what will happen to the tech industry.

That said, there are some policies that Biden is almost certain to implement. Mr. Trump has tightened immigration and visa regulations, including signing an executive order that suspends the issuance of some work visas and tightens restrictions. Biden's policy is to increase 'permanent work-based immigrants,' which is expected to overturn many of these executive orders.

'I would be surprised if I didn't abolish the executive order on immigration on the first or second day of my inauguration,' said Linda Moore, CEO of tech-related industry group TechNet. I hoped to alleviate the problem. Moore feels that he has also received support from right-wing groups during the campaign and believes that the right-wing voice will be important in reaching out to the Republicans in Congress.

Biden is also likely to follow Obama's policies when it comes to network neutrality and broadband access issues. Biden pledges as, has announced a plan to invest $ 20 billion in broadband infrastructure (about 2 trillion 70 billion yen), in demand, such as remote work and distance learning is increased, a large role Biden's support is It seems that it is expected to fulfill.

One of the policies that President Trump has been focusing on is a review of Article 230 of the Communications Decency Act (Section 230). Section 230 stipulates that the social media operator is not liable for the content posted by users, with exceptions, and it has been said that if this is reviewed, it will weaken SNS.

However, Biden has made little mention of Section 230. Jason Oxman, CEO of the

American Information Technology Industry Council , said it is unlikely that Section 230 is at the top of the list of things Biden will work on. Of course, Congressional Republicans could continue to put pressure on tech companies to censor content, which doesn't completely eliminate Section 230's problems, but at least Biden could embark on Section 230 reforms. It is believed to be low.

Biden may also take a different path from President Trump when it comes to dealing with Chinese tech companies such as TikTok. With challenges such as climate variability and containment of the new coronavirus, Mr. Biden needs to cooperate in various aspects, making a delicate decision as China could pose a diplomatic and economic threat. It is said that it will be pressed.

Biden's approach to antitrust issues points out that the Protocol 'may be the most unknown issue for the tech industry.' Under the Trump administration, a bipartisan group of lawmakers pursued antitrust violations of giant technology companies, and the US Justice Ministry also investigated and filed suits for antitrust violations of giant technology companies. Elizabeth Warren and Bernie Sanders, who fought with Biden for Democratic nominations, also sought to dismantle a giant tech company based on antitrust violations.

Mr. Biden did not insist on the dismantling of the giant tech company as strongly as Mr. Warren and Mr. Sanders, but criticism of the giant technology company under the Antimonopoly Act is strong, and Mr. Biden may take the same route There is. 'There may not be a big difference between Mr. Trump and Mr. Biden's antitrust divisions,' said Robert McDowell, a former Federal Communications Commission member.

by jlher vàs