• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

New LA Angels owner Stan Kroenke is quietly America's largest private landowner, boasting 2.7 million acres and besting Bill Gates and Jeff Bezos

2

The heiress of $10 billion Perdue Farms and the $12 billion Sheraton Hotels empire wore hand-me-downs, still rides the subway, and flies economy

3

One of MacKenzie Scott's latest donations takes her HBCU giving to well over $1 billion

1

New LA Angels owner Stan Kroenke is quietly America's largest private landowner, boasting 2.7 million acres and besting Bill Gates and Jeff Bezos

2

The heiress of $10 billion Perdue Farms and the $12 billion Sheraton Hotels empire wore hand-me-downs, still rides the subway, and flies economy

3

One of MacKenzie Scott's latest donations takes her HBCU giving to well over $1 billion
Techthe future of work

Why the Tech Industry’s Cool Relationship With Trump May Be Good for the Rest of the World

By
Lisa Marie Segarra
Lisa Marie Segarra
Down Arrow Button Icon
By
Lisa Marie Segarra
Lisa Marie Segarra
Down Arrow Button Icon
May 24, 2018, 5:16 PM ET
Add Fortune on Google for similar content.

France’s growing success in courting U.S. tech jobs highlights President Donald Trump’s fraught relationship with Silicon Valley.

The new reality was on view this week at a conference in Paris, where 60 tech executives from some of America’s largest technology powerhouses announced new France-based initiatives.

IBM plans to hire 1,800 people in France and develop a team to research blockchain, artificial intelligence, and the Internet of things, tech news site TechCrunch reported. Meanwhile, Uber announced that it would invest $23.4 million in France on the company’s flying car program, its first outside of North America, according to CNN. Facebook and Google also plan to step up their French presence.

French President Emmanuel Macron, who organized the summit, called Tech for Good, has pledged to make France a “start-up country.” Since then, leading U.S. tech companies have promised to invest $4.1 billion in France and add 2,200 jobs in total. The move comes amid Trump’s cool relationship with U.S.-based tech companies despite holding court shortly into his presidency with several tech leaders including Apple’s Tim Cook, Amazon’s Jeff Bezos and Microsoft’s Satya Nadella.

Numerous tech companies opposed Trump’s travel ban and new restrictions on the H-1B visa. Trump has also feuded with Amazon over shipping costs. Microsoft is even suing the Trump Administration over ending the DACA program, the Deferred Action for Childhood Arrivals program that allows undocumented immigrants who came to the country as children to work and defers deportation, while other companies have slammed the administration for pulling out of the Paris Climate Agreement.

While, the jobs that U.S. tech companies promised to France are a small fraction of those in Silicon Valley, it marks a noticeable shift for the industry. Macron has also met individually with executives at companies like Facebook, IBM, Microsoft, and Uber.

However, the Trump administration has pleased tech companies from a policy standpoint. Google’s parent company Alphabet and Apple, among others, have Trump’s tax changes to thank for saving them billions of dollars in taxes for repatriating funds held overseas. It remains to be seen whether those efforts will be enough for those companies, especially as other countries offer their own incentives to invest.

About the Author
By Lisa Marie Segarra
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Tech


Most Popular

Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • TikTok icon
  • YouTube icon

    Latest in Tech


    Most Popular

    © 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
    FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.