Axios

The word "competition" has a different meaning in Washington (DC) and other centers of regulation around the globe than it does in Silicon Valley. Industry leaders view acquiring startups, keeping customers inside their existing ecosystems, and trying to dominate new platforms as part of the natural process of business competition.

How Apple, Google, Facebook, Amazon and Microsoft make their revenue today shapes the battles they will fight tomorrow. For years, the largest tech companies each had their own fiefdom where they garnered the lion's share of revenue and profits. While tech companies competed at the edges, the market was big enough that each had plenty of green fields to expand into. They might step on each other's toes, but they took pains — and sometimes struck deals — to steer clear of the others' core businesses.

Corning will build a new manufacturing facility in Gilbert, Arizona, in response to a spike in demand for fiber-optic cable as the US government ramps up its $42.5 billion Broadband Equity, Access and Deployment (BEAD) funding program. Corning said the investment is supported by customer commitments, including from "anchor customer" AT&T, which is also working with Corning on a fiber optic technician training program.

Most Americans can choose among several providers of home internet service, but that competition masks their much more limited options for true high-speed connections. Home internet connections became even more essential during the pandemic, but there's still disagreement about the extent of competition in the broadband market. "Competition" in the broadband space has two primary interpretations.

In most businesses, competition means several rivals are fighting to win a prize — typically, the customer's dollar. Most tech companies still view themselves as engaged in fierce competition. They're just going after a wider and more complex set of prizes.