Rep. Alexandria Ocasio-Cortez Calls for Congress to Address Big Tech and Price Increases

Representative Alexandria Ocasio-Cortez (D-N.Y.) stated that Congress should consider breaking up large companies like Apple in response to potential price increases on phones and laptops due to supply chain issues with processing chips. Ocasio-Cortez emphasized the need for consumer protections and expressed concerns about the influence of large corporations. In a recent interview, Apple CEO Tim Cook indicated that the company may have to raise prices to offset rising costs, stating that price increases are unavoidable. Ocasio-Cortez also highlighted the need for Congress to revisit legislation, such as the CHIPS Act, to address the energy demands of data centers, which were not fully accounted for in the original legislation. The CHIPS Act, passed in 2022, included funding for modernizing the energy grid and incentives for domestic semiconductor production but did not address the energy consumption of data centers.