Tech Giants Are in No Rush to Spend Overseas Cash


With the passage of the new U.S. tax law, the nation’s tech giants can now more freely dip into their stockpiles of overseas cash. They don’t seem to be in any hurry.

The five largest U.S. technology companies by market value hold nearly $500 billion combined in cash abroad. In their first earnings calls since the tax overhaul, three—Microsoft Corp., Alphabet Inc. and Inc.—suggested greater access to the cash didn’t change their spending plans.

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