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Intel Corp.

Silicon Valley follows China's playbook in hunt for business

SAN JOSE, Calif. Some of Silicon Valley's biggest companies are investing billions of dollars in China's tech sector in a rush to preserve access to the country's vast markets. In recent months, Intel, Hewlett-Packard and Cisco Systems have doubled down on China through partnerships with Chinese companies, investments in Chinese funds and large donations aimed at making China a global competitor. "In China, you're either in or you're out," said Tai Ming Cheung, director of the Institute on Global Conflict and Cooperation at the University of California, San Diego. "More and more companies have had to follow the Chinese playbook and develop research...

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