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Earlier quoted context omitted.
Unless by "safe" you mean "maximizing profits at all costs" I disagree.
Maximizing short term profits.
From their perspective, is there an incentive to maximize long term profit?
I wonder if the joint venture structure was contemplated as a pre-condition for Chinese approval of the Softbank acquisition.
Earlier quoted context omitted.
Author here. They specifically said they are not working with foreign companies. While they have exclusive rights to arm architecture in china, they cannot do anything outside china.
You can put your hands on Zhaoxin boards in the west despite those also ostensibly being China only as well. And software bifurcation is the real problem, and would be handled at layer not exclusive to China.
I'm not sure what anyone expected when we cut China off of chip IP. We did the same thing in the US, we had a policy of just straight up encouraging people to memorize patents before they immigrated over, and paying for their family to immigrate with them. https://en.wikipedia.org/wiki/Samuel_Slater
This is the standard Chinese operating model, as I understand it. Accept foreign subsidiary investment on condition of 51% Chinese ownership, transfer the technology, then turn around and compete with the parent. It was a similar story with maglev trains.
China is "Hotel California" for investor money!
So, I cannot see this sort of thing stopping, until we see a point where non-Chinese investors revolt when they hear about the company they've invested going into China, rather than cheering. If investors have had such a change of heart at this point, I have not seen it.
Are there examples of mainland-grown IP/technology breakthroughs that resulted from such "transfers"? It seems so far that this does enable China to further catch up and massively expand the use of the captured technology, but are there instances of them qualitatively surpassing it? I'm sure China has enough resources for advancements beyond replication, as much as it's capable of showcasing something to the rest of…
Some of the most competitive products in some categories are from China, for example in drones. It's only a matter of time until they work their way up the chain. Remember the Tim Cook quote how it's difficult to fill a room with machinists in US, while in China you can fill 3 football fields with them.
Skills follow activity, they do not lead activity. You learn by doing.
If you want to develop good bridge building skills, then build a lot of bridges. As a result of that process, you will, after a delay, have a labor pool that knows how to do it well, and the bridges you build later on will be higher quality than the bridges you started out building.
You do not wait for the labor pool to sprout up like mushrooms spontaneously from the ground, so there are all these bridge builders standing around with nothing to do, and then you decide that you'll have them fill up a few rooms and and hire some of them to build a bridge.
Western executives are in over their heads dealing with China. I don't think they even realized who was holding their leashes until China decided to start yanking on them a bit.