© Jonah Elkowitz/Shutterstock.com
Silicon Valley, historically pro-Democratic, is celebrating the election of Donald Trump. Tim Cook, Mark Zuckerberg, Satya Nadella, Sundar Pichai… The leaders of American technology giants rushed to congratulate the 47th President of the United States, and it’s no coincidence.
Much more rigorous antitrust regulation
Under the Biden administration, antitrust regulation has taken a major turn, paving the way for a much more rigorous approach. As a result, almost all members of GAFAM are facing lawsuits for abuse of dominant position. While Donald Trump is not a big fan of these tech giants, his economic policy, aimed at strengthening American global leadership, could be very beneficial to local flagships.
And they know it. ” Congratulations to our 45th and now 47th president on his extraordinary political comeback and decisive victory. No nation has greater opportunity ,” Jeff Bezos was quick to tweet after the result. The Amazon founder had already caused a stir a few days ago, by preventing the Washington Post, a media outlet he owns, from taking a stand in favor of Kamala Harris. A historic decision: the newspaper has supported the Democratic camp since 2008.
Amazon CEO Andy Jassy also congratulated the Republican candidate. ” We look forward to working with you and your administration on issues that matter to our customers, employees, communities, and country .” Last year, the e-commerce giant was indicted by the Federal Trade Commission (FTC), the American antitrust watchdog, for anticompetitive practices.
Meta's boss, Mark Zuckerberg, also seems to have changed his tune. Already praising Donald Trump following his assassination attempt in July, he took to Threads to hail his victory. ” There are great opportunities ahead of us as a country. I look forward to working with you and your administration ,” he wrote. However, the real estate mogul has always been very critical of the company, believing that it deliberately censors him. He even threatened Zuckerberg with “ life in prison .”
Several investigations target tech giants
That’s not all, far from it. Apple CEO Tim Cook says he “looks forward to working together” with the Trump administration “to ensure that America continues to lead in ingenuity, innovation and creativity” ». The Apple brand is currently in a delicate position. Accused of unfair monopoly in the smartphone sector in the United States, it is also affected by the European Digital Markets Act, which requires it to open up its traditionally locked ecosystem.
Invited onto a podcast in October, Donald Trump explained that Tim Cook had contacted him to complain about European regulations. ” I'm not going to let them take advantage of our businesses — it's not going to happen, you know ,” the Republican said at the time.
200% Deposit Bonus up to €3,000 180% First Deposit Bonus up to $20,000
” We're living in a golden age of American innovation, and we're committed to working with the Trump administration to ensure that everyone can enjoy it ,” said Sundar Pichai, head of Alphabet and Google, hailing a “ decisive victory .” Yet the president has repeatedly vilified the company. His administration is even behind the lawsuit over its search engine, which threatens to break up its business.
Satya Nadella and Sam Altman, who head Microsoft and OpenAI, respectively, also congratulated Donald Trump. “ We look forward to engaging with you and your administration to advance the innovation that creates new growth and opportunity for the United States and the world ,” said the CEO of the Redmond firm. The stakes are high. The two firms are establishing themselves as major players in the generative artificial intelligence (AI) sector, into which the Biden administration has launched a vast antitrust investigation.
The chip industry on the lookout
Chip manufacturers are also on the lookout. ” We congratulate President-elect Trump and Vice President-elect Vance on their victory and look forward to working with their administration to advance America's technology and manufacturing leadership in the world ,” said Intel CEO Pat Gelsinger.
The company is going through an incredibly turbulent time, posting its worst losses in history in the third quarter. Above all, it is counting on the subsidies provided under the Chips Act to get back on track. The law provides substantial financial aid for companies that build production plants on American soil.
Cristiano Amon, head of Qualcomm, did not fail to congratulate the president in turn, emphasizing his “ pleasure in working with the new administration and Congress to advance priorities that promote resilience, innovation and competition in America ».
Investors are jubilant
Unsurprisingly, the investment world is delighted with Donald Trump’s rise to power. Several renowned investors openly supported him during his campaign, such as Marc Andreessen and Ben Horowitz, the founders of the powerful venture capital firm Andreessen Horowitz. These firms intend to protect the startups they support, in a regulatory climate that has become hostile, according to them, under the impetus of the Biden administration.
The potential arrival of Elon Musk in government is also seen as a strong signal for the entire technology industry. Tesla and SpaceX CEO could play a key role in deregulating the sector.
📍 To not miss any Presse-citron news, follow us on Google News and WhatsApp.
[ ]