The Quick Read About… the 5G War Is Upon Us
What Happened:
Last week, the US government placed China’s state-champion Huawei on the Commerce Department’s Entity List, banning the tech company from buying critical parts it needs from US producers. For all the focus on the current trade war between the US and China, it’s this brewing tech war that has the potential to reshape the world order. And it’s starting to with this Huawei development.
Why It Matters:
This is a fight over who will build and lead innovation for the next generation of internet and telecommunications technology, which is called 5G. 1G was the tech that enabled us to make wireless phone calls; 2G brought texting capabilities; 3G delivered web browsing to the phone-wielding masses; 4G made wireless video-streaming a reality, and through its constant connection to GPS satellites enabled the rise of companies like Uber. We are currently living in a 4G world, but the transition to 5G is just getting started and will accelerate over the next couple of years. 5G, ..