Stephen Nellis and Alexandra Alper:
The foundation’s move from Delaware to Switzerland may foreshadow further technology flight because of U.S. restrictions on dealing with some Chinese technology companies, said William Reinsch, who was undersecretary of commerce for export administration in the Clinton administration.
“There is a message for the government. The message is, if you clamp down on things too tightly this is what is going to happen. In a global supply chain world, companies have choices, and one choice is to go overseas,” he said.
In a statement to Reuters, the U.S. Department of Commerce said its controls were designed to safeguard U.S. national security and to “ensure bad actors cannot acquire technology that harms U.S. citizens or interests, while promoting innovation to fuel continued American technological leadership.” The department said it meets regularly with private industry to gauge market conditions and the effects of its regulations.