Intel’s board has been in talks with potential buyers and the U.S. government, The Wall Street Journal said. Former CEO Gelsinger stepped down in December.
If Google or Apple is deemed to have Strategic Market Status in the U.K., the government might force it to make the user data it collects available to competitors, or give publishers more control over how their data is used.
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The Biden administration states the rule will prevent U.S. chips from passing to China through countries loosely allied or not politically allied with the U.S.
The proposed mandate intends to discourage criminals from targeting critical national infrastructure and public services, as there will be no financial motivation.
Existing European legislation still allows Apple to avoid interoperability and Google to dominate in the ad tech sector, according to advocacy groups and former European heads of state, respectively.
The legislation, which came into force on Jan. 1, enables the U.K. government to investigate Google, Apple, and other tech companies’ potentially anticompetitive practices “more holistically.”