This article from the Harvard Business Review says that Asian Americans are the least likely group to be promoted into management.
This fact underlies the potential blind spot for many companies: Because Asian Americans are not considered an underrepresented minority, they are given little priority or attention in diversity programs. We have found that in many companies throughout the country, Asian-related programs are geared toward cultural inclusion, not management diversity.
I admit I'm surprised since this is definitely not the case at my company -- both our CTO and CMO are Asian men and our marketing head is an Asian woman. On the other hand, I've seen diversity programs that call out Black and Latinx people specifically, and thus exclude Asian Americans. I'm curious to hear of others' experiences and thoughts here!