The lawsuit, filed by Attorney General Karl Racine’s office, accuses Amazon of controlling nearly 70% of e-commerce sales, leading to high consumer prices. Holding nearly 70% of commercial sales, Amazon is sued against antitrust in the US The complaint was received by the District of Columbia Attorney’s Office, which said: “This online retail platform benefits and is protected by Amazon’s anti-competitive business practices. That leaves consumers vulnerable. do not have access to the best products at the lowest cost”. In addition, Amazon also caused prices across the entire online retail market to increase virtual prices for products sold on Amazon.com as well as on competitors’ online retail sales platforms. Also in the lawsuit, the e-commerce group used methods to prevent third-party sellers on its platform from offering products at lower prices than competitors. Amazon also responded to AFP that sellers set their own prices for the products they offer in Amazon’s stores, and this response contradicts comments made by the Justice Department. This e-commerce group also prides itself on offering the lowest prices with the best selection unlike any other online platform, so Amazon reserves the right not to attach deals to products that don’t have it. competitive price for customers. This lawsuit has Amazon possibly forced to charge higher prices on its e-commerce platform. The lawsuit is intended to block Amazon from anticompetitive practices as well as claims for damages and other penalties. According to eMarketer, Amazon’s e-commerce market share in the US in 2020 is 39.8% and will increase in 2021 to 44.1%, equivalent to the amount of 367.19 billion USD. According to statistics, Amazon’s profit in the first 3 months of 2021 reached 8.1 billion USD, 3 times higher than the same period in 2020. In 2020, the US Federal and State Antitrust Enforcement Agency filed lawsuits against Facebook and Google for allegedly dominating illegal markets.

The shortage of semiconductor chips globally has a heavy impact on many industries. Artwork: Reuters Some of the world’s top semiconductor buyers, including Apple Inc, Microsoft Corp and Alphabet Inc (Google’s parent company), are working with leading chip makers in the world, such as Intel Corp. , to set up a new lobbying group to promote the US Government to support semiconductor chip manufacturing. The Semiconductors in America Alliance, which includes Amazon Web Services’s Amazon Web Services division, said on May 11 that it urged US lawmakers to provide support for the CHIPS Act for the country. The United States (CHIPS for America Act), which President Joe Biden asked Congress to provide finances worth $ 50 billion. In a letter to congressional bicameral Democrats and Republicans, the coalition said funding for the CHIPS Act would help the United States build the necessary capacity for a more flexible supply chain. to ensure important technologies will be available in the US when needed. Global semiconductor chip shortages hit the auto industry heavily, with Ford Motor Co saying it may have to halve its car production in the second quarter. Automotive industry groups are pressing the Biden administration to secure chip supplies for car factories. However, government officials have been reluctant to use national security laws to divert the supply of computer chips to automakers because they fear it could harm other industries. The new alliance involves companies from other industries using semiconductors, including AT&T, Cisco Systems, General Electric, Hewlett Packard Enterprise and Verizon Communications Inc. However, they warn that the government only supports one industry like the automobile industry. Tech giants, like Apple, are also hit hard by a shortage of semiconductors, but are less severe than automakers. Last month, the iPhone maker said it would lose about $ 3-4 billion in revenue in the second quarter (ending June 2021) due to a shortage of chips. According to Refinitiv estimates, Apple’s second quarter revenue is forecast to reach $ 72.9 billion./.