Donald Trump is the President of the United States again. And while many in Silicon Valley have made no secret of their concerns, the tech industry is cautiously optimistic about the future. Some companies are counting on the relaxation of regulation, others on the support of American production. Let's figure out what Google, TikTok, Meta and Intel can expect from the new old president.
Google: Is disintegration imminent?
Back in August, Google was recognized as a monopolist in the online search market. The company may be obliged to share its algorithms, limit the conclusion of contracts or, worst of all, divide assets.
Trump, known for his dislike of Google, is unlikely to save the company. Experts believe that nothing will change for Google: the proceedings lasted four years, and the change of president is unlikely to affect its outcome. Moreover, the Trump administration may use antitrust lawsuits as leverage against tech giants.
TikTok: Will Trump Save the Chinese Service?
Paradoxically, the savior of TikTok can be the one who recently threatened to block it.
In 2020, Trump signed a decree banning TikTok, but Biden canceled it. At the same time, it was under Biden that TikTok was banned from US government devices, and then a law was passed to block the service.
Теперь же Трамп выступает против блокировки, мотивируя это заботой о миллионах американских пользователей и нежеланием усиливать позиции Meta. Некоторые видят в этом и финансовый интерес: одним из спонсоров предвыборной кампании Трампа был Джефф Ясс, чья компания владеет 7% акций ByteDance, материнской компании TikTok.
Most likely, Trump will try to find a compromise by extending the deadline for selling TikTok to the American owner. This will allow him to fulfill his campaign promises, and the Democrats to save face.
Meta: truce or continuation of the fight?
Mark Zuckerberg is perhaps Trump's main enemy. The former president accused Meta of interfering in the election and even threatened Zuckerberg with prison. However, there is a thaw in relations: Zuckerberg promised to remain neutral in the elections, and Trump, in turn, said that he now likes Zuckerberg.
However, Meta is facing antitrust proceedings over its purchase of Instagram and WhatsApp. It is unlikely that Trump will interfere in this process, but it seems that there is no need to fear an aggravation of relations.
Intel: Betting on American Manufacturing
Intel, which is going through a crisis, can count on Trump's support. The patriotic president favors the production of chips in the United States, which favorably distinguishes Intel from competitors, AMD and Nvidia. Trump may impose tariffs on chip exports, which will help Intel attract new customers. The company's shares have already risen by 14% after the election.
Artificial Intelligence: No Limits?
In the United States, there is no strict regulation of AI yet. Biden signed a decree obliging developers to provide security test results, but it is advisory in nature.
Trump criticized the decree for revealing trade secrets and attempting to impose liberal values. Most likely, Trump will support the development of AI without imposing severe restrictions to ensure U.S. leadership in this area.
To sum up: the IT industry is entering a new era under the leadership of Donald Trump. For some, this is a chance for development, for others it is a serious test. One thing is for sure: it will not be boring.
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