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Marketplace All-in-One

U.S. to provide $8.5 billion for Intel chip plants

Marketplace All-in-One

Marketplace

News, Business

4.51.4K Ratings

🗓️ 20 March 2024

⏱️ 1 minutes

🧾️ Download transcript

Summary

The money will invest in chip manufacturing in Arizona, Ohio, New Mexico and Oregon; France fines Google $270 million over negotiations with news publishers; Southwest reaches third tentative labor deal with flight attendants’ union; Boeing delays cash goals as it works to fix safety problems.

Transcript

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0:00.0

More federal money is on its way to expand computer chip manufacturing in the US.

0:07.0

I'm Novasafo with a Marketplace Minute.

0:09.3

The Commerce Department will invest up to $8. billion dollars in Intel facilities in Arizona, Ohio, New Mexico, and Oregon.

0:18.0

The company is expected to spend a hundred billion.

0:20.0

This is the fourth and largest round of funding from the Chips Act enacted two years ago.

0:25.0

France is fining Google 270 million dollars for failing to properly negotiate with the country's news publishers.

0:32.0

Google said it agreed to pay the fine,

0:34.0

but had made efforts to resolve authorities concerns.

0:37.0

Southwest has reached a third tenant of labor deal

0:40.0

with the union representing its flight attendance.

0:42.0

The rank and file voted down the previous two agreements. labor deal with the union representing its flight attendance.

0:42.8

The rank and file voted down the previous two agreements, including a 20% initial pay raise.

0:48.4

Boeing is delaying a goal to bring in more cash as it slows 737 max production to improve safety and quality controls.

0:56.3

The company expects to spend more than previously forecast up to 4.5 billion dollars

1:00.4

so far this year.

1:01.9

I'm Novasafao with a Marketplace Minute.

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