SMIC Allegedly Supplies Chipmaking Tools to Iran's Military, U.S. Officials Warn 
Golden Dome Missile Defense: Anduril and Palantir Join Forces on Trump's $185B Space Shield 
Trump Administration Plans 100% Tariffs on Pharmaceutical Imports 
Trump Claims Iran Sought Ceasefire as Middle East War Escalates 
TSMC Japan's Second Fab to Produce 3nm Chips by 2028 
Trump Threatens NATO Withdrawal Amid Iran Crisis: What U.S. Law Says 
Meta Ties Executive Pay to Aggressive Stock Price Targets in Major Retention Push 
FBI Launches Independent Cuba Probe After Deadly Speedboat Shootout 
Trump's NATO Threat Looms as Rutte Plans Washington Visit 
Iranian President Pezeshkian Sends Message of Peace to the American People 
Coral Springs Vice Mayor Nancy Metayer Bowen Killed in Suspected Domestic Violence Incident 
Nanya Technology Shares Surge 10% After $2.5 Billion Private Placement from Sandisk and Cisco 
SK Hynix Eyes Up to $14 Billion U.S. IPO to Fund AI Chip Expansion 
Trump Administration Shakeup: Kash Patel, Daniel Driscoll, and Lori Chavez-DeRemer May Exit Cabinet 
Federal Judge Blocks Pentagon's Blacklisting of AI Company Anthropic 
Congress Eyes Two-Bill Strategy to Resolve DHS Funding Crisis 
SpaceX Eyes Historic IPO at $1.75 Trillion Valuation 
The incoming Trump administration recently announced a Tech Summit, where some of the biggest giants in Silicon Valley and others were invited to a big soiree. The event was held last Wednesday and as expected, it had a strained atmosphere. The majority of tech industry leaders fought hard to avoid a Trump victory last election due to some of his policies. As such, despite the president-elect’s assurance that he and his administration are actually going to help the tech industry, the Silicon Valley billionaires are already gearing up for a fight.
One of the biggest concerns that tech companies have with regards to a Trump administration is the matter of immigration, The Washington Post reports. Both established and growing entities in Silicon Valley are highly dependent on skilled immigrants who can contribute to the trend of innovation and advancements.
With Trump’s anti-immigration stance, it’s not surprising that tech leaders would be worried about him impeding progress. This puts companies like Microsoft, Facebook, Twitter, and others on the defensive. During the four years of Trump sitting as POTUS, even keeping the current visa requirements could prove extremely difficult. Trump’s assertions that current visa policies help foreigners steal jobs from “real Americans” has had an unnerving effect on the industry as a whole.
For his part, Trump tried to calm the clear anxiety felt by the dozen or so billionaires that he met with on Trump tower by telling them that he wants to help the industry, The Hill reports. Then again, with the president-elect’s record of not following through on his word, it wouldn’t be surprising if his assurance had the opposite effect.
“We want you to keep going with the incredible innovation. Anything we can do to help this go on, we will be there for you,” Trump told the nervous crowd of tech leaders. “You’ll call my people, you’ll call me. We have no formal chain of command around here.”
