How much money are Amazon, Google, Apple, Intel, etc. spending on lobbying to guide the bill in their favor?
As antitrust laws are increasingly cracking down on giant tech companies, it has become clear that multiple companies are spending more on lobbying attempts to block the passage of related bills.
Amazon (AMZN) Breaks Lobbying Record Amid Antitrust Fight --Bloomberg
According to an information disclosure report submitted on July 20, 2022, Amazon's lobbying spending in the second quarter of 2022 increased 2.5% year-on-year to $ 4.98 million in the past. He said he recorded the highest amount.
Apple reported lobbying costs of $ 1.9 million in the second quarter of 2022, a slight decrease from $ 2.7 million in the first quarter. doing. However, looking at the first half as a whole, it increased by 1.5 times compared to the previous year.
According to Bloomberg, Apple has announced a range of products and initiatives aimed at curbing commercial surveillance and limiting the extent to which others can access Apple's customer data, making it one of the most privacy-friendly high-tech companies. The brand has been established for many years, and it claims that 'anti-trust law may impair Apple's ability to protect user privacy and security' using its reputation.
Apple has positioned lobbying to block the bill as a 'top priority' because of concerns that the U.S. bill to crack down on the monopoly of major tech companies will make it easier for hackers to install malware on the iPhone. It is said that he is engaged in various activities through a lawyer.
Lobbying costs for the second quarter of 2022 were $ 2.77 million (about 378 million yen) for Google, up 32% year-on-year, and $ 2.41 million (about 328 million yen) for Microsoft, down 2.4% year-on-year. It was a yen). In addition, TikTok's parent company ByteDance has invested the highest amount of lobbying expenses so far, and the amount has increased by 130% from the same period of the previous year to 2.1 million dollars (about 286
In addition, Intel was spending $ 1.75 million (about 238 million yen), up 75% year-on-year, to pass the US CHIPS law, which invests in semiconductors. If the bill is passed, it will provide $ 52 billion (about ¥ 7.86 trillion) in semiconductor production, and lobbying costs for the entire semiconductor industry in the first half of 2022 will be $ 19.6 million (about 26). It is also thought to be as high as 770 million yen).
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in Posted by log1p_kr