Reforming Antitrust Policy for an Era of Global Competitiveness

Information Technology and Innovation Foundation

03/26/2020 - 11:30 to 13:00

Important Update: Due to concerns about the coronavirus, this event will now be held online as a virtual panel. We will be posting more information soon.The event will be broadcasted live on our website. Please contact ITIF's Event Coordinator, Rachel Trello, at [email protected] with questions. 

There has been increasing pressure in both the United States and the EU for competition authorities to look more askance at big firms, because bigness too often is viewed as inherently anticompetitive. As trust in big firms has soured, some policymakers have become less willing to consider how antitrust policy, especially as applied in merger reviews, can affect firms’ productivity and competitiveness. In Europe, this was borne out in the recent rejection of a proposed merger between Alstom and Siemens, a marriage that was planned in large part to make the European companies more competitive versus China’s state-owned high-speed rail behemoth CRCC. And in the United States, it was reflected in the Federal Trade Commission’s requirement that semiconductor maker NXP to divest itself of its RF power business as a precondition for its $11.8 billion acquisition of U.S.-based Freescale Semiconductor Ltd.—a ruling that allowed China to acquire the business and gain key technological advantage.

Speakers 

 

Robert D. Atkinson

@RobAtkinsonITIF

President

Information Technology and Innovation Foundation

Moderator

 

 

Aurelien Portuese

@A_Portuese

Senior Lecturer in Law

Leicester De Montfort Law School

 

David Teece

Chairman and Principal Executive Officer

Berkeley Research Group