Tuesday, 29 November 2016

Tech tries to get Trump's ear after shunning him during campaign

For the past year, the tech industry shunned Donald Trump, and he shamed it. Now, the president-elect and the $2.9 trillion sector find themselves thrust into a shotgun marriage.
"Much of the business is in a wait-and-see mode," says Meg Whitman, CEO of Hewlett Packard Enterprise, one of the largest tech companies in the world and a Hillary Clinton supporter.  "We adapt and make the most of the situation."
Many in tech supported Hillary Clinton, and they expected her to win. With Trump as president-elect, they are hastily revising plans.
One difficulty: Trump has no discernible tech plan nor has he openly courted tech executives. For those in Silicon Valley and beyond, he is the great unknown, and his potential cabinet is creating fears of restrictions on skilled immigrant workers, weakened cybersecurity, punishing tariffs on products made in China, and unrelenting pressure to bring more manufacturing jobs to the U.S.
“Most of the planning (by tech companies) had been done under the assumption that Hillary would win,” says Deven Parekh, managing director at Insight Venture Partners. “There was a big transition team for her ready to go, which included technology-related issues.
It's made for an uneasy climate, but tech executives and trade associations say they've accepted the election results and want to work with Team Trump.

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