US Presidential Election 2016 Update: Donald Trump’s Presidency Mean Innovation’s Disaster?

President Barack Obama the 45th president of the United States of America focused more on technology. He committed billion of dollars to support initiatives in encouraging innovation in technology, make education better and to spur exploration and discovery. Now Barack Obama's term for eight years has ended, and America is now in the hands of Donald Trump who did not say much during his campaign speech regarding technology. Does this mean the end of the tech industry?

It is clear the Silicon Valley is not excited for the next four years. Recalling in the month of July, 150 tech leaders including Steve Wozniak who is an Apple co-founder, Reddit co-founder Alexis Ohanian, founder of Wikipedia Jimmy Wales and the man who is considered as the father of the internet Vint Cerf, wrote an open letter that describes Trump's presidency as a disaster for innovation. Some other notable broadband providers criticized Trump for policies that they believe would choke their investments.

The New York Times reported on Thursday that Silicon Valley woke up on Wednesday morning with their unending tech-powered optimism all of a sudden unable to conquer following the victory of Donald Trump. Shervin Pishevar a strong supporter of Hillary Clinton's candidacy commented on The New York Times described Trump's victory as the horror.

The tech Industry is a big factor for contributing 12 percent of all jobs based on the US Bureau Of Labor Statistics. According to that department, his policies will create a long lasting impact, in consideration of Trump's message about making America's competitiveness and economy to improve.

Although Trump had previously vowed to block the merger of At&t and Time Warner if he will get elected, At&t executives still have high hopes that the deal will be approved. The reason for this is because Trump announced in his victory speech that he plans big investments in infrastructure not giving out the specific details.

Trump made it clear during his so-called stump speech that he will get Apple to build their infrastructures inside the USA. For this reason, Apple will manufacture iPhone at a higher rate instead of $650, it will cost $900 if this is implemented. Apple products are manufactured using Chinese contractors but still designs its products at the Silicon Valley Headquarter. Apple declined to give comment on Trump's statement for the time being.