There are two things that I feel impacted the US here:
1. the R&D tax credit was gone from 2022 - 2025 thanks to the Tax Cuts and Jobs Act signed in 2017.
2. private equity does not invest in R&D
Private Equity does fund R&D.. mostly the D(evelopment) part. Most R&D, both in the US and China, is not fundamental/basic research.
Private Equity does fund R&D.. mostly the D(evelopment) part. Most R&D, both in the US and China, is not fundamental/basic research.