The Impact of Epidemic on Technology Companies

Abstract

The sudden epidemic in 2020 caused a rapid decline in the global economy, many famous companies declared bankruptcy due to the COVID-19. During the epidemic, many countries issued different rules in response to the epidemic. For example, the Chinese government announced at the beginning of 2020 that most foreign flights have been suspended. It is required that those who go to other places within 15 days need to be isolated at home for more than 21 days, and it is also forbidden to gather too many people. At present, most people must wear masks when they go to public places. These regulations also make it more difficult for technology companies to operate, because factories cannot produce, and people cannot go to the office to work and meetings together. This study studies the different effects of the COVID-19 on technology companies. It has concluded that the epidemic will not only bring bad effects to technology companies such as production suspension and sales decline, but also bring many opportunities for technology companies to develop in the future. During the isolation, people got used to online conferences. Also, realized the importance of artificial intelligence robots and other technological products. In addition, both investors and the government support the development of technology companies, which means that the development trend of technology companies in the future will be better.