Despite Covid-19, the US “tech giants” achieved a total revenue of $ 1.3 trillion, encroaching on each other’s fields, creating a powerful economic picture.

Tram Ho

According to calculations by expert Thomas Philippon of New York University’s Stern School of Business, technology companies all benefit from the digital transformation of the pandemic. America’s five tech giants — Alphabet, Amazon, Apple, Facebook and Microsoft — have combined $1.3 trillion in revenue over the past 12 months, 43 percent more than in 2019. most valuable in the United States, accounting for 16% of the entire stock market value.

Nearly 40% of the revenue of the 5 big companies today comes from overlapping business areas. Facebook wants to be an e-commerce giant, Amazon is engaged in online advertising, Google and Microsoft are challenging Amazon in cloud computing, and Apple is said to be building a search engine.

Bất chấp Covid-19, ngũ đại gia công nghệ Mỹ đạt được tổng doanh thu 1,3 nghìn tỷ USD, lấn sân sang lĩnh vực của nhau, tạo nên bức tranh kinh tế đầy quyền lực - Ảnh 1.

All of this paints a picture of US companies looking more powerful. The results don’t look as bleak as we might think about the impact of Covid-19.

According to a report by Insights, in 2019, an average of five unlisted companies per month became “unicorns” (valued at over $1 billion). Since the beginning of 2020, this number has grown to 12 companies. Since January 2020, the average monthly number of IPOs has tripled, to about 80. During that period, US companies have raised nearly $350 billion, more than seven years earlier. total.

A survey by the Kauffman Foundation, a consulting organization, found an increase in the proportion of entrepreneurs who just started a business because they saw a better opportunity.

Bất chấp Covid-19, ngũ đại gia công nghệ Mỹ đạt được tổng doanh thu 1,3 nghìn tỷ USD, lấn sân sang lĩnh vực của nhau, tạo nên bức tranh kinh tế đầy quyền lực - Ảnh 2.

Cheap capital is also encouraging large enterprises in the US to step up their investment plans. Companies’ real spending on equipment, structures, and software grew at a 13% rate in the first half, the fastest since 1984.

Apple, the world’s most valuable company, will spend $430 billion over the five-year period, 20% more than previously planned. Intel is spending about $20 billion a year on chip factories. Covid-19 has disrupted several supply chains, prompting some experts to predict a wave of hiring.

Dealogic, a research firm, estimates that cross-border mergers and acquisitions (M&A) activity by US companies has fallen from 16% in 2014 to 9% in 2019. However, over the past 18 months, the number has fallen from 16% in 2014 to 9% in 2019. This has rebounded, thanks in part to cheap capital.

Some companies are adapting their supply chains. Jan Loeys of JPMorgan Chase, said it is seriously considering moving operations out of China. These companies began to look to neighboring countries to replace the Chinese supplier. U.S. imports from Taiwan increased 35%, or $11 billion, in the first seven months of 2021, compared with the same period in 2019.

The entertainment industry is similar, with Netflix now placing 54% of its revenue abroad, up from 40% a few years ago. Imax, a cinema chain, has earned more than two-thirds of its revenue this year from Asia, compared with two in 2017.

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Source : Genk