Daily Sabah logo

Politics
Diplomacy Legislation War On Terror EU Affairs Elections News Analysis
TÜRKİYE
Istanbul Education Investigations Minorities Expat Corner Diaspora
World
Mid-East Europe Americas Asia Pacific Africa Syrian Crisis Islamophobia
Business
Automotive Economy Energy Finance Tourism Tech Defense Transportation News Analysis
Lifestyle
Health Environment Travel Food Fashion Science Religion History Feature Expat Corner
Arts
Cinema Music Events Portrait Reviews Performing Arts
Sports
Football Basketball Motorsports Tennis
Opinion
Columns Op-Ed Reader's Corner Editorial
PHOTO GALLERY
JOBS ABOUT US RSS PRIVACY CONTACT US
© Turkuvaz Haberleşme ve Yayıncılık 2023

Daily Sabah logo

عربي
  • Politics
    • Diplomacy
    • Legislation
    • War On Terror
    • EU Affairs
    • Elections
    • News Analysis
  • TÜRKİYE
    • Istanbul
    • Education
    • Investigations
    • Minorities
    • Expat Corner
    • Diaspora
  • World
    • Mid-East
    • Europe
    • Americas
    • Asia Pacific
    • Africa
    • Syrian Crisis
    • Islamophobia
  • Business
    • Automotive
    • Economy
    • Energy
    • Finance
    • Tourism
    • Tech
    • Defense
    • Transportation
    • News Analysis
  • Lifestyle
    • Health
    • Environment
    • Travel
    • Food
    • Fashion
    • Science
    • Religion
    • History
    • Feature
    • Expat Corner
  • Arts
    • Cinema
    • Music
    • Events
    • Portrait
    • Reviews
    • Performing Arts
  • Sports
    • Football
    • Basketball
    • Motorsports
    • Tennis
  • Gallery
  • Opinion
    • Columns
    • Op-Ed
    • Reader's Corner
    • Editorial
  • TV
  • Business
  • Automotive
  • Economy
  • Energy
  • Finance
  • Tourism
  • Tech
  • Defense
  • Transportation
  • News Analysis

US, EU targets Big Tech ahead of tech, trade meeting

by REUTERS

WASHINGTON Sep 23, 2021 - 5:52 pm GMT+3
Photo showing the logos of mobile apps Facebook and Google displayed on a tablet in Lille, France, Oct. 1, 2019. (Photo by Denis Charlet / AFP File)
Photo showing the logos of mobile apps Facebook and Google displayed on a tablet in Lille, France, Oct. 1, 2019. (Photo by Denis Charlet / AFP File)
by REUTERS Sep 23, 2021 5:52 pm
RECOMMENDED
Employees working on the final assembly of ASML's TWINSCAN NXE:3400B semiconductor lithography tool with its panels removed, in Veldhoven, Netherlands, April 4, 2019. (Reuters Photo)

Japan, Netherlands to join US to limit chip equipment exports to China: Report

chip-exports

The United States and European Union plan to take a more unified approach to limit the growing market power of Big Tech companies, according to a draft memo seen by Reuters.

The move will be among announcements on tech, climate, trade and supply chains likely to be made at a U.S.-EU Trade & Technology Council meeting on Sept. 29 in Pittsburgh.

With the U.S. and Europe trying to restrain the growing power of American tech giants such as Alphabet's Google , Facebook, Apple and Amazon.com Inc., such cooperation has become critically important for regulators on both sides of the Atlantic – and would make it harder for the U.S. tech industry to fight new rules.

This month, the White House announced that the council would meet for the first time on Sept. 29 in Pittsburgh. U.S. Secretary of State Antony Blinken, Commerce Secretary Gina Raimondo, U.S. Trade Representative Katherine Tai and the European Union's trade chief Valdis Dombrovskis are scheduled to attend along with European Commissioner for Competition Margrethe Vestager.

The White House, which is coordinating with different agencies on the meeting, declined to comment on the memo. Apple, Facebook, Amazon and Google did not immediately respond to requests for comment.

The council has 10 working groups for areas such as strengthening trade, economic relations and shared democratic values, according to the draft memo.

The group focused on tech company regulation will "exchange information on our respective approaches to technology platform governance, seeking convergence where feasible," the memo said.

There are many examples where the two continents could cooperate more. Google, which faces several antitrust lawsuits in the U.S. related to its advertising business, also faces a wide-ranging investigation related to ad technology in the EU.

"We have identified common issues of concern around gatekeeper power by major platforms and the responsibility of online intermediaries," the memo said, adding that more can be done to combat misinformation.

"This includes, in particular, the responsibility of online intermediaries to safeguard democratic processes from the impact of their business activities. Areas of common ground ... include content moderation and fair competition," the memo said.

The group will tackle areas such as hate speech, algorithmic amplification and data access for researchers, the memo said.

The council's climate and clean tech group will work to identify trade and investment opportunities in low- and zero-carbon technologies and products, according to the memo. The supply chain working group will focus on securing supplies of pharmaceuticals, critical minerals and clean energy.

The council will also work to address the shortage of semiconductor chips in a way that is "balanced and of equal interest for both parties" and will avoid a "subsidy race."

On Wednesday, Reuters reported that EU ambassadors have postponed discussions to prepare for the meeting in protest of Washington's submarine agreement with Australia at France's expense.

A spokesperson for the White House's National Security Council said preparations for the meeting were continuing.

Several tech trade groups in Washington said the industry does not want the European approach to digital regulation to be adopted in the United States.

"The risk is that the European side will press the United States to harmonize its regulations with the EU by taking a precautionary approach ... which would skewer America's leading tech companies," said Robert Atkinson, president of the Information Technology & Innovation Foundation, a tech think tank based in Washington.

"We shouldn't do that, nor do we need to. Our interests are broadly aligned and compatible, particularly when it comes to China," Atkinson said.

RECOMMENDED
Employees working on the final assembly of ASML's TWINSCAN NXE:3400B semiconductor lithography tool with its panels removed, in Veldhoven, Netherlands, April 4, 2019. (Reuters Photo)

Japan, Netherlands to join US to limit chip equipment exports to China: Report

chip-exports
  • shortlink copied
  • RELATED TOPICS
    fight-against-terrorism DEUTSCHE-BANK US-LIBYA-RELATIONS
    KEYWORDS
    big tech united states european union
    The Daily Sabah Newsletter
    Keep up to date with what’s happening in Turkey, it’s region and the world.
    You can unsubscribe at any time. By signing up you are agreeing to our Terms of Use and Privacy Policy. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
    Ibrahim Şerif, head of the Consultative Committee of the Turkish Minority of Western Thrace (BTTADK) and elected mufti of Komotini (Gümülcine), speaks at a panel in Edirne, Eastern Thrace, Türkiye, Jan. 7, 2023. (AA File Photo)

    Greece's Turkish minority remembers Resistance Day

    Turks-in-Greece
    Swedish Foreign Minister Tobias Billstrom attends a press conference after his meeting with Latvian Foreign Minister Edgars Rinkevics (not pictured) in Riga, Latvia, Jan. 27, 2023. (EPA Photo)

    Türkiye-Sweden talks on NATO bid suspended: FM Billstrom

    TÜRKIYE-SWEDEN-RELATIONS

    Erdoğan slams foreign media for perception management pre-elections

    Recep-Tayyip-Erdoğan

    Türkiye issues travel warning for citizens visiting EU countries

    türkiye-eu-relations
    No Image
    Magical sights as crocus bloom on Turkey's Western Black Sea plateaus dazzle visitors
    PHOTOGALLERY
    • POLITICS
    • Diplomacy
    • Legislation
    • War On Terror
    • EU Affairs
    • News Analysis
    • TÜRKİYE
    • Istanbul
    • Education
    • Investigations
    • Minorities
    • Diaspora
    • World
    • Mid-East
    • Europe
    • Americas
    • Asia Pacific
    • Africa
    • Syrian Crisis
    • İslamophobia
    • Business
    • Automotive
    • Economy
    • Energy
    • Finance
    • Tourism
    • Tech
    • Defense
    • Transportation
    • News Analysis
    • Lifestyle
    • Health
    • Environment
    • Travel
    • Food
    • Fashion
    • Science
    • Religion
    • History
    • Feature
    • Expat Corner
    • Arts
    • Cinema
    • Music
    • Events
    • Portrait
    • Performing Arts
    • Reviews
    • Sports
    • Football
    • Basketball
    • Motorsports
    • Tennis
    • Opinion
    • Columns
    • Op-Ed
    • Reader's Corner
    • Editorial
    • Photo gallery
    • Jobs
    • privacy
    • about us
    • contact us
    • RSS
    © Turkuvaz Haberleşme ve Yayıncılık 2021