🔥 The escalation of the Iran situation affects the technology industry, as U.S. tech giants increase lobbying efforts to manage risks

According to CNBC, as the Iran conflict continues to escalate, U.S. technology companies are significantly ramping up lobbying efforts with the government to address risks such as asset security in the Middle East, supply chain disruptions, and damage to critical infrastructure. Sources say the companies are simultaneously engaging with officials in the U.S. and the Middle East, including the White House and the Pentagon, to secure policy support and develop contingency plans to reduce the impact of war on their operations. The conflict has already had a tangible impact on the technology industry. In March this year, an Amazon Web Services data center located in the UAE was targeted in a drone attack, causing disruptions to multiple digital services locally. In early April, the Iranian Revolutionary Guard further threatened to strike companies including NVIDIA, Apple, Microsof…