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

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

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 a...

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 rep...