Chapter 6: Science & Engineering Indicators 93
Foreign Ownership of U.S. High-Tech Companies
Fewer than 7 percent of the 23,000 new high-tech companies listed in the CorpTech database were under foreign ownership in 1993. (See appendix table 6-29.) The United Kingdom has the largest U.S. presence, followed by Japan and Germany. Although these three countries own companies active in each of the eight technology fields
examined, they each tend to be drawn to certain fields. The United Kingdom and Germany tend to own U.S. companies involved in the development of advanced materials, and Japan tends to own telecommunications and computer hardware companies.
Compared with the major industrialized countries, Taiwan and South Korea own relatively few U.S. high-tech companies. Taiwan's acquisitions are in two fields--computer hardware and telecommunications. South Korea also owns companies in these fields,
but its largest concentration of acquisitions are in the biotechnology field.
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