Will China achieve its tech dreams? It all depends on whether it can produce advanced semiconductor chips, the tiny piece of metal that are crucial to the functionality of smartphones, modern cars, and even hearing aids. It’s the access to those tiny chips that Beijing’s tech ambitions ultimately will pivot on. Join us as two tech policy experts share insights into the global chip competition. Until now, China lacks the ability to produce advanced chips; the US, Europe, and Taiwan control the supply. Barred from buying cutting edge European equipment needed to fabricate high-end chips, China relies on importing chip imports. Last year, China imported $350 billion worth of chips, one third of them coming from Taiwan. Now, Xi Jinping is driving a self-reliance campaign, investing heavily in chip manufacturing across the country. Will he succeed?
Winston Ma, CFA and Esq is an investor, author, and adjunct professor at NYU focusing on technology and the digital economy. Most recently for 10 years, he was Managing Director and Head of North America Office for China Investment Corporation (CIC), China’s sovereign wealth fund. Prior to that, Ma worked at Barclays Capital, J.P. Morgan investment banking, and law firm Davis Polk & Wardwell. He is one of a small number of native Chinese who have worked as investment professionals and practicing capital markets attorneys in both the United States and China.
Ma is the book author of several books, including The Digital War: How China’s Tech Power Shapes the Future of AI, Blockchain and Cyberspace (2021) and The Hunt for Unicorns: How Sovereign Funds are Reshaping Investment in the Digital Economy (2020). He was selected a 2013 Young Global Leader at the World Economic Forum (WEF), and in 2014 he received the NYU Distinguished Alumni Award.
Paul S. Triolo leads the firm’s newest practice, focusing on global technology policy issues, cybersecurity, internet governance, ICT regulatory issues, and emerging areas such as automation, AI/Big Data, ambient intelligence, and fintech/blockchain. He is building a cross-issue and cross-regional team that helps clients understand and assess the risk generated by the complex intersection of politics, technology innovation, security threats, and the changing global regulatory environment.
Prior to joining Eurasia Group, Triolo served in senior positions within the US government for more than 25 years, focusing primarily on China’s rise as a science and technology (S&T) and cyber power. He provided analytic support to the president and senior policymakers, and was the lead drafter for a number of widely acclaimed national estimates on China S&T innovation and industrial policies, as well as cyberspace issues. Triolo’s technical background, including a bachelor’s degree in electrical engineering from Penn State University and work experience in Silicon Valley, along with his extensive work on internet governance and policy issues in government, have prepared him to tackle the substantial challenges companies will face in cyberspace. Triolo is a China Digital Economy Fellow (non-resident) at New America. He is also an avid early adopter of all sorts of green and information technologies and platforms, and has been the family chief technology officer for some time.
Dorinda (Dinda) Elliott is SVP, Director of Programs, at the China Institute. Before joining China Institute, Elliott worked as editorial and communications director at the Paulson Institute, which promotes U.S.-China relations and sustainable growth in both countries.
Elliott worked as a journalist for some 30 years, with a deep background in China. She covered the beginnings of China’s reforms in 1984 for BusinessWeek magazine, and served as Beijing bureau chief for Newsweek magazine from 1987 to 1990. Elliott later lived in Hong Kong for a decade, traveling and reporting across China.
Elliott was Newsweek Bureau Chief in Beijing, Moscow, and Hong Kong, then Asia Editor. As Editor-in-Chief of Asiaweek from 2000-2001, she relaunched the magazine with a new focus on China and business. Elliott was later an Assistant Managing Editor at Time magazine, then Global Affairs Editor at Condé Nast Traveler, where she wrote about China, global issues, and corporate social responsibility.
Elliott graduated from Harvard University with a B.A. in East Asian Studies. She is fluent in Mandarin Chinese, and speaks rusty Russian and French. She lives in Brooklyn, N.Y., with her husband Adi Ignatius. They have three sons.