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“GAFAM A more inclusive grouping referred to as GAFAM or "Big Five", defines Google, Amazon, Facebook, Apple, and Microsoft as the tech giants.[18][19][20][21] Besides Saudi Aramco, the GAFAM companies are the five most valuable public corporations in the world as measured by market capitalization.[3] Nikos Smyrnaios justified the GAFAM grouping as an oligopoly that appears to take control of the Internet by concentrating market power, financial power and using patent rights and copyright within a context of capitalism.[22]“

https://en.m.wikipedia.org/wiki/Big_Tech



Those wouldn't be IBM's top competitors in semiconductors would they? I don't think Facebook or Amazon or Microsoft is spending more than 1% of their R&D budget on semiconductors.




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