Sen. Bernie Sanders on Tuesday introduced an amendment that would impose restrictions on the billions of dollars in federal subsidies and tax credits that Congress is poised to hand to the profitable U.S. microchip industry, which has been lobbying aggressively for the handouts.
'Do you want those investments in the U.S., or are we simply not competitive enough to do them here and we need to go to Europe or Asia?'Sanders responded directly to Gelsinger's remarks during his floor speech Tuesday, saying, 'I am thankfully not a lawyer, but that sure sounds like extortion to me.''What Mr.
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