China Sinks Intel’s Acquisition of Tower

WSJ What’s News

The Wall Street Journal

News, Daily News

4.1 • 4.2K Ratings

🗓️ 16 August 2023

⏱️ 17 minutes

🔗️ Recording | iTunes | RSS

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Summary

A.M. Edition for Aug. 16. Intel is walking away from its more-than-$5 billion proposed takeover of Israeli chip maker Tower Semiconductor, after failing to win regulatory approval in China. Asia corporate reporter Dan Strumpf unpacks the latest clash between Washington and Beijing over technology. Plus, traders are stashing natural gas in caverns beneath war-torn Ukraine. And why soaring travel demand is leading to more injuries among ground crews. Luke Vargas hosts. Correction: An earlier version of this episode incorrectly suggested farmer Kyle Bridgeforth was using a new kind of sensor technology on his farm. He uses a more traditional kind of sensor. (Corrected on Aug. 16) Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	It's back to school time, and this year, generative AI tools like ChatGPT and Bard are on
0:08.2	a path to transform teaching and learning.
0:11.6	People compare this to the printing press, to the calculator, the technology shift is orders
0:17.1	of magnitude larger than anything else we've seen.
0:20.5	So what could AI and education look like?
0:23.8	We'll explore that Monday's in August on Tech News Briefing from the Wall Street Journal.
0:30.2	INTEL scraps its acquisition of Chipmaker Tower.
0:39.5	Plus more evidence that wages could prove to be the sticking point in the battle against
0:44.2	inflation, and why injuries are on the rise among airport ground staff as travel-demand
0:50.3	source.
0:51.3	For workers who are maybe new to the industry or haven't been trained properly, they
0:55.4	are very exposed.
0:56.8	This entire environment becomes very complicated to navigate and to do so safe.
1:01.5	And that's what we're seeing in the numbers.
1:03.2	They are experiencing an increase in serious injuries.
1:06.3	It's Wednesday, August 16th.
1:07.9	I'm Luke Vargas for the Wall Street Journal, and here is the AM edition of What's News,
1:13.0	the top headlines and business stories moving your world today.
1:16.9	INTEL is walking away from its more than $5 billion proposed acquisition of Israeli Chipmaker
1:29.6	Tower semiconductor.
1:31.6	Asia Corporate Reporter Dan Strump says the deal needed regulatory approval from several
1:36.3	jurisdictions, including China, and may have been scuppered by the growing tensions between
	...

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