The biggest event in the last few years is here. Although it might seem that the US election, in which the incumbent Donald Trump and the winner of the election Joe Biden faced off in a "heavyweight category", is only about the United States, do not be fooled. American foreign policy, the direction of international trade and the ability to contain the volatile coronavirus pandemic can affect the rest of the world. And this inevitably includes the technology sector, which has been in the sights of politicians for a long time. Indeed, Donald Trump has shed light on Chinese business practices and thoroughly flooded Huawei companies, where there was a restriction on the purchase of American components and a forced ban on cooperation between Western and Eastern corporations.
However, it should be noted that although this step was a trial by fire for Huawei, which the company successfully survived, it helped other technology giants in many ways. Especially Samsung, which fought for customers and users for a long time with the Chinese manufacturer on the Asian and eventually European and American markets. Huawei conquered most people precisely with its favorable price/performance ratio and unrivaled innovation, which often significantly exceeded the previous standards set by other manufacturers. It was the American restrictions that helped balance the distribution on the market and allowed Samsung to once again sit in the saddle of the leading smartphone giants. However, the question remains how the ongoing elections will change the whole situation. In the case of Donald Trump, the next direction would be fairly clear, but what about the liberal-minded Joe Biden? It was he who spoke relatively cautiously about China and was far from taking such a tough stance as his opponent.
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According to the information so far, however, it seems that nothing much will change and the Democratic candidate will keep the restrictions in place. The current distribution of the market will probably not change much, and although Biden has repeatedly mentioned that he would like to cut a piece of the pie from the monopoly of technology companies, Samsung in particular will most likely come out of the whole situation unscathed. This way, the scales will not tip too much, and although one would expect a more turbulent approach if Donald Trump wins and defends the mandate, the democratic candidate is somewhat more cautious, more controversial and relies more on mechanisms that are already in motion instead of introducing new ones. Either way, we'll see how the whole situation develops, whether Trump will challenge the election results or not.
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