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Tesla closes, chips pile up as Shanghai blockade shakes business

Source: newsus.app newsus.app
News Snapshot:

The tesla plant closure Inc. se dragged on for at least 12 days, much-needed semiconductors piling up in brands amid trucker shortages, and bankers camp out in their offices as the COVID-19 lockdown in Shanghai disrupts corporations in China’s central monetary sector. Cases are at an all-time high in the city, now the epicenter of China’s worst outbreak since the pandemic began, and the lockdown has dragged on indefinitely. As the country sticks to its inflexible Covid-Zero containment manual, President Xi Jinping’s call to limit the economic consequences is difficult to achieve in the face of the highly transmissible omicron…

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