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Intel halts $5 4 billion deal over towering regulatory hurdles

Tower Semiconductor is seen on a smartphone in front of the Intel logo shown in this photo taken on February 15, 2022. REUTERS/Dado

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Gordon Moore, co-founder and former chairman of Intel, has died at the age of 94

Moore and Robert Noyce founded Intel in 1968.March 24, 2023, 11:12 PM ET• I read for 3 minutesGordon Moore, co-founder and former chairman of technology

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Transcripts for MSNBC Hallie Jackson Reports 20220128 20:33:00

products. for example, you know, inflation is a problem which i ll speak to in a second. it s real. a lot of people are being hurt by it. but guess what, one-third of the inflation in america is a consequence of the cost of automobiles. one-third. you know why? because of the shortage of semiconductors. they can t build them, and, therefore, the ones that aren t being built cause the price of those that are being built to go much higher. this announcement helps fix that problem. three days ago i called a meeting in the white house of ceos from general motors, ford, microsoft, hewlett-packard and others. mary barra, general motors ceo, announced to the white house an initial $7 billion investment in michigan to manufacture electric vehicles, creating 4,000 new quality jobs.

Guess whatArent beingWhite houseGeneral motorsHewlett packardPat kelsingerMary barra7 billion

Transcripts for MSNBC Hallie Jackson Reports 20220128 20:31:00

decades along with [ applause ] along with the greatest year of job growth in american history, 6.4 million jobs created in one year. and instead of losing manufacturing jobs, since i ve been in office, america has actually added an additional 367,000 manufacturing jobs in america. good-paying jobs. the highest increase in u.s. manufacturing jobs in 30 years. last week the ceo of intel, pat kelsinger, came to the white house because he wanted to support the build back better initiative and to also let me know two of your neighboring senators were there, portman and brown, a democrat and republican from ohio. he came to announce the new $20 billion semiconductor campus outside of columbus, ohio.

Job growthAmerican history6 4 millionManufacturing jobs in americaWhite housePat kelsinger0 billion20 billion

Information Technology Summary: Ericsson, among others, will accelerate the launch of the 5G network in the United States

Information Technology Summary: Ericsson, among others, will accelerate the launch of the 5G network in the United States
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