Marvell, a California-based tech company founded by Indonesian entrepreneurs, says it is closing its China R&D operations. The move is couched in the language of standard downsizing but its significance is much greater. It could be in response to Intellectual Property theft in China or it could be a response to mounting U.S.-Chinese frictions. I would expect to see more companies making moves such as this one. It’s gradually sinking in that CEOs have a responsibility to limit their companies’ exposure to an increasingly dictatorial regime that has thrown its support behind Russia’s invasion of Ukraine. They need to get key people and key technologies out of China.
