The US will urge a judge to make Google-parent company Alphabet Inc sell its widely used Chrome browser in a major antitrust crackdown on the Internet giant, a media report said on Monday.
Antitrust officials with the US Department of Justice declined to comment on a Bloomberg report that they will ask for a sell-off of Chrome and a shake-up of other aspects of Google’s business in court today.
Justice officials last month said they would demand that Google make profound changes to how it does business — even considering the possibility of a breakup — after the tech juggernaut was found to be running an illegal monopoly.
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The government said in a court filing that it was considering options that included “structural” changes, which could see them asking for a divestment of its smartphone Android operating system or its Chrome browser.
Calling for the breakup of Google would mark a profound change by US regulators, which have largely left tech giants alone since failing to break up Microsoft Corp two decades ago.
Google dismissed the idea at the time as “radical.”
Adam Kovacevich, chief executive officer of industry trade group Chamber of Progress, released a statement arguing that what justice officials reportedly want is “fantastical” and defies legal standards, instead calling for narrowly tailored remedies.
Determining how to address Google’s wrongs is the next stage of a landmark antitrust trial that saw the company in August ruled a monopoly by US District Court Judge Amit Mehta.
Requiring Google to make its search data available to rivals was also on the table.
Regardless of Mehta’s eventual decision, Google is expected to appeal the ruling, potentially prolonging the process for years and possibly reaching the US Supreme Court.
The trial, which concluded last year, scrutinized Google’s confidential agreements with smartphone manufacturers, including Apple Inc. These deals involve substantial payments to secure Google’s search engine as the default option on browsers, iPhones and other devices.
The judge determined that this arrangement provided Google with unparalleled access to user data, enabling it to develop its search engine into a globally dominant platform.
From this position, Google expanded its tech empire to include the Chrome browser, Maps and the Android smartphone operating system.
According to the judgement, Google controlled 90 percent of the US online search market in 2020, with an even higher share, 95 percent, on mobile devices.
Remedies being sought will include imposing measures to curb Google’s artificial intelligence from tapping into Web site data and barring the Android mobile operating system from being bundled with the company’s other offerings, the report said.
The US dollar was trading at NT$29.7 at 10am today on the Taipei Foreign Exchange, as the New Taiwan dollar gained NT$1.364 from the previous close last week. The NT dollar continued to rise today, after surging 3.07 percent on Friday. After opening at NT$30.91, the NT dollar gained more than NT$1 in just 15 minutes, briefly passing the NT$30 mark. Before the US Department of the Treasury's semi-annual currency report came out, expectations that the NT dollar would keep rising were already building. The NT dollar on Friday closed at NT$31.064, up by NT$0.953 — a 3.07 percent single-day gain. Today,
‘SHORT TERM’: The local currency would likely remain strong in the near term, driven by anticipated US trade pressure, capital inflows and expectations of a US Fed rate cut The US dollar is expected to fall below NT$30 in the near term, as traders anticipate increased pressure from Washington for Taiwan to allow the New Taiwan dollar to appreciate, Cathay United Bank (國泰世華銀行) chief economist Lin Chi-chao (林啟超) said. Following a sharp drop in the greenback against the NT dollar on Friday, Lin told the Central News Agency that the local currency is likely to remain strong in the short term, driven in part by market psychology surrounding anticipated US policy pressure. On Friday, the US dollar fell NT$0.953, or 3.07 percent, closing at NT$31.064 — its lowest level since Jan.
The New Taiwan dollar and Taiwanese stocks surged on signs that trade tensions between the world’s top two economies might start easing and as US tech earnings boosted the outlook of the nation’s semiconductor exports. The NT dollar strengthened as much as 3.8 percent versus the US dollar to 30.815, the biggest intraday gain since January 2011, closing at NT$31.064. The benchmark TAIEX jumped 2.73 percent to outperform the region’s equity gauges. Outlook for global trade improved after China said it is assessing possible trade talks with the US, providing a boost for the nation’s currency and shares. As the NT dollar
The Financial Supervisory Commission (FSC) yesterday met with some of the nation’s largest insurance companies as a skyrocketing New Taiwan dollar piles pressure on their hundreds of billions of dollars in US bond investments. The commission has asked some life insurance firms, among the biggest Asian holders of US debt, to discuss how the rapidly strengthening NT dollar has impacted their operations, people familiar with the matter said. The meeting took place as the NT dollar jumped as much as 5 percent yesterday, its biggest intraday gain in more than three decades. The local currency surged as exporters rushed to