The technology drives the growth of the country and its financial markets. IT and communications companies are at the heart of innovation, rapidly changing people’s lives and transforming business, finance, and the economy in general.
America’s largest technology companies operate across a wide range of industries with products and services that disrupt traditional ways of doing business or create new models that revolutionize entire industries. With high-tech products and high value-added services, tech industry players are engaged in stiff competition to acquire and maintain their share in numerous highly profitable markets.
While new players periodically come to challenge tech companies in some of their businesses, companies that grow beyond a few billion valuations in an industry where large companies are already operating are rare. They are often acquired before they reach this size. The largest US startups may present some threats with future diversification. Still, they can often only reach large in size because they challenge an industry where existing large tech companies are not yet actively operating.
For now, America’s top tech companies are the backbone of the country’s economic growth and a key aspect of its global power. They are also a major lever for future high-paying jobs in the United States. While they threaten several traditional industries, they also bring hope to the United States and the world that their innovative and disruptive business approach will bring exciting new useful applications.
Sector: Information Technology – Subsector: Systems Software
Microsoft Corporation is a multinational technology company that develops, manufactures, licenses supports, and sells computer software, specifically Windows operating systems, Microsoft Office suite, Internet Explorer and Edge web browsers. He is also involved in consumer electronics with Xbox game consoles, touchscreen personal computers with Microsoft Surface, and related services.
Sector: Information Technology – Sub-sector: Technological hardware, storage, and peripherals
Apple Inc. designs, manufacture, and markets mobile phones and multimedia devices, computers, iPhones, iPad, Mac, iPods, Apple Watch, and Apple TV. The company also designs and sells a range of related software and services: iPhone (iOS), OS X and watchOS, iCloud, and Apple Pay operating systems.
Sector: Consumer Discretionary – Subsector: Internet Retail and Direct Marketing
It started as an online bookstore which later diversified towards a wide range of products. Amazon has become the undisputed leader of e-commerce in the United States and, having expanded into many countries, has further developed into retail with the acquisition of Whole Foods Market and publishing, electronics, cloud computing, video streaming, and production, among other investments.
Sector: Communication services – Sub-sector: Media and interactive services
Initially limited to students, Facebook has gradually opened its services to anyone over 13, now reaching over 2 billion worldwide. It can be accessed via any internet-connected device and allows users to personalize profiles, post texts, photos, and multimedia content shared with their friends on Facebook. They can also join interest groups, receive messages and notifications, and use various other built-in applications.
Sector: Information Technology – Sub-sector: Data Processing and outsourcing services
Mastercard Incorporated is a multinational financial services company. It is primarily involved in processing payments between merchant banks and the card issuer of customers who use a Mastercard-branded debit, credit, or prepaid card to make purchases.
Sector: Information Technology – Subsector: Semiconductors
Intel Corporation, commonly known as Intel, is a multinational and technology company, particularly engaged in the manufacture and sale of microprocessors and semiconductor chips that power personal computers. Intel also diversifies into other technologies, including cloud, Internet of Things, computer memory, and 5G connectivity.
Sector: Information Technology – Industry: IT consulting and other services
Founded in 1911, International Business Machines Corporation, better known as IBM, is a multinational information technology company operating in over 170 countries. Producing and marketing computer hardware, middleware, and software, and providing hosting and consulting services, IBM is also a leading technology research organization.
Sector: Information Technology – Industry: Data Processing and outsourcing services
PayPal Holdings, Inc. is a company that operates an online payment system around the world. Paypal helps online sellers and business users by supporting online money transfers for a fee by providing an electronic alternative to traditional checks and money orders. PayPal had its initial public offering in 2002 before being acquired by eBay, which later split from it in 2015.