Its engineers have started looking on the other side of the Pacific Ocean. especially towards china
As reported, Chinese technology companies are launching their own drives to attract the best potential talent, including Western talent, a trend that has been changing in general in recent years. wall street journalIt’s an aggressive campaign that includes offering to triple the salaries that lead engineers in semiconductors and AI currently receive.
Why is this important?This strategy marks a historic turning point: For the first time, a tech power is challenging Silicon Valley’s traditionally unbeatable wage dominance.
panoramicOf all the major Chinese technology companies looking for Western talent, Huawei is at the forefront. It is focusing on areas like AI and advanced chips. Its purpose: to accelerate Chinese technological development by taking advantage of knowledge accumulated in the West.
There are three major regions where engineering talent is being recruited: Taiwan, Europe and Silicon Valley. The latter is, logically, the most influential. Until now it offered salaries that were practically unattainable.
between the linesHe Time This is no coincidence: increasing Western restrictions on Chinese access to certain technologies, especially those related to semiconductors, fit perfectly with this trend.
If they can’t buy the technology… they try to attract people who are able to develop it.
ContradictionWestern companies struggle to retain talent with salary conditions, although they have increased, remaining fairly stable compared to recent years. Especially if we compare them with the growth of other indicators: market capitalization, profits, etc.
Meanwhile, in China, state-backed financial muscle is being deployed. There is disparity in available resources.
great unknownWill the West be able to maintain its technological advantage over China – which is not that good – when they are willing to pay almost anything for talent?
If the answer is positive, we need to see the ‘how’. If it is negative, we will see progressive changes in status quo Which will be difficult to digest in some areas. It is what it is.
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Featured Image | Xataka with Midjourney