A circuit board for Continental's cloud-based car control system. The company lowered its sales and profit guidance after the chip shortage intensified in the third quarter. Photo: Bloomberg
A circuit board for Continental's cloud-based car control system. The company lowered its sales and profit guidance after the chip shortage intensified in the third quarter. Photo: Bloomberg

Schumer push to add stalled China tech bill to US defence act faces resistance from some Democrats

  • Senator Bernie Sanders criticised the chips proposal, calling it ‘corporate welfare’ for a ‘handful of extremely profitable microchip companies’
  • The bill never received a vote in the House of Representatives, and supporters have been working for months to find a way to pass it

A circuit board for Continental's cloud-based car control system. The company lowered its sales and profit guidance after the chip shortage intensified in the third quarter. Photo: Bloomberg
A circuit board for Continental's cloud-based car control system. The company lowered its sales and profit guidance after the chip shortage intensified in the third quarter. Photo: Bloomberg
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