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AOC says Congress should break up Apple amid looming price increases
Fox News • • nation
Key Points:
- Rep. Alexandria Ocasio-Cortez called for breaking up large tech companies like Apple and implementing stronger consumer protections amid rising prices linked to strained chip supply chains.
- Apple’s CEO Tim Cook warned that increasing costs due to chip shortages are forcing the company to consider passing price hikes on to consumers.
- The surge in demand for processing chips from AI companies is intensifying competition and driving up costs for established tech firms like Apple.
- Ocasio-Cortez emphasized the need for Congress to address the energy consumption challenges posed by data centers, suggesting current legislation like the CHIPS Act does not fully account for these new demands.
- She advocates for a more government-led approach to managing the AI race's economic and environmental impacts, citing distrust of unchecked corporate power.
