Seeking to innovate in sectors where Koch companies already operate, Koch has invested more than $15 billion* in technology companies in recent years. Such investments include Phillips-Medisize, a subsidiary of Molex.
“Charles Koch saw the tech threat coming many years ago,” Koch Industries Chief Financial Officer Steve Feilmeier told the New York Post in a recent interview.
“He started pressing us about how every business was going to change. And he said we better apply tech to improve our businesses. We would rather be forward thinking than be a victim.”
*UPDATE: As of January 2019, Koch has invested more than $17 billion.