U.S. tech companies ramp up government lobbying amid Iran war uncertainty [CNBC]
PUBLICIS GROUP SA S/ADR (PUBGY)
NASDAQ:AMEX Investor Relations:
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Source: CNBC
The tech sector has seen assets in the Middle East become military targets, and analysts predict shortages in key materials needed for the AI infrastructure buildout. A White House spokesperson told CNBC the administration has been working “hand in glove” with industry leaders to mitigate disruption. U.S. tech companies are ramping up lobbying of government officials at home and further afield amid the Iran war, as they look to defend their interests and map out contingency plans, industry insiders told CNBC. Conflict in the Middle East has thrown the global business sector into disarray, with oil prices skyrocketing and supply chains heavily disrupted. In the tech industry, assets in the region have become military targets and analysts have predicted shortages in key materials needed for the AI infrastructure buildout. “U.S. tech firms are actively engaging both U.S. diplomats in the Middle East and regional counterparts,” as well as officials in the White House and Pentagon
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