Ocasio-Cortez Urges Apple Breakup as $39 Billion CHIPS Law Misses AI Data-Center Strain
Updated
Updated · Fox News · Jun 28
Ocasio-Cortez Urges Apple Breakup as $39 Billion CHIPS Law Misses AI Data-Center Strain
2 articles · Updated · Fox News · Jun 28
Summary
Alexandria Ocasio-Cortez said Congress should consider breaking up Apple and other big tech companies after reports the iPhone maker may raise phone and laptop prices.
Apple’s warning stems from a processor shortage worsened by AI-driven demand, with outgoing CEO Tim Cook saying recent cost increases have become "unsustainable" and price hikes are unavoidable.
Ocasio-Cortez argued the 2022 CHIPS Act no longer fits the market shift because it was passed before the AI boom and did not anticipate data centers absorbing chip supply and straining energy systems.
$39 billion in semiconductor incentives and $11.2 billion for grid modernization were included in the law, but she said Congress now needs stronger consumer protections and a response to subsidized AI data-center costs.