Politicized Tech a Headache for Asian Firms, Says Singtel Exec -- Market Talk

Dow Jones07-03

0845 GMT - Tech "nationalism" has been a major headache for businesses in Asia over the past year, says Arthur Lang, group chief financial officer at Singtel. Countries have been incorporating technology advancements into economic and political statecraft, with the U.S. and China driving a "bifurcation of technologies" by getting others to take sides, leading to protectionism in the industry, Lang says. In projects like laying submarine cables and building digital infrastructure, "major powers are asking companies to take a side, whether it should be build by Chinese companies, or U.S. or Western companies," Lang says. That is affecting businesses as they try to balance geopolitics with technology goals. (kimberley.kao@wsj.com)

(END) Dow Jones Newswires

July 03, 2025 04:45 ET (08:45 GMT)

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