>> headline from around the world. the plan was revealed after a 15 minute phone call between presidents and vladimir putin. the kremlin says he was satisfied with the talks, the white house says biden called on russia to de-escalate tensions with ukraine. avoid cruise travel even if you are vaccinated. that is the latest warning from the cdc. the agency raised its travel alert to the highest risk level.

it said that covid-19 spreads easily between people in close quarters. shares of cruise operators tumbled on the news. 70% of adults in england have now had their booster shots. the government strategy is under pressure with shortages of test kits and a growing caseload. hospitalizations are still well below their peak in january. more wall street employers are reacting. jp morgan offering the staff the opportunity to work from home. in a memo they will resume their and office schedules by february 1. it will provide an update in january on when it expects them back. goldman sachs holds onto the top

spot. this dominance comes as global, and day and related deal surpassed $5 trillion in volume for the first time. the bank advised on more than $1 trillion worth of deals, giving it a market share of more than 24%. as we close out the year, check in on these markets. the main benchmarks across the european space closed. it is new year's eve. you are looking at the benchmark stoxx 600. low work on the cac 40. the ftse 100 is lower by 0.4%. we can switch the board on and take into account what happened over in asia. the ms ci asia-pacific ended up. the shanghai composite up.

the more positive data in terms of manufacturing. technology, china back with a bounce before the end of the year. the longer-term story is pressure given the tech regulations. your bitcoin is that 48,000 up to .5%. this is bloomberg. ♪ >> from the heart of where innovation, money, power and collide in silicon valley and beyond. this is “bloomberg technology” with emily chang. ♪ emily: i'm emily chang in san francisco and this is “bloomberg technology.” we'll bring you some of the biggest interviews with chip makers as the chip shortage continues to disrupt the supply chain around the world. which industries are hurting the most and what's the outlook for 2022?

at that point are you saying there will be a supply and demand imbalance for qualcomm only and if so, how much longer does this drag on for other industries? it seems like qualcomm is navigating this well, but others say this could go on for years. would you agree? >> that is correct. i have seen reports that companies probably will still be seeing shortages of supplies in 2023. that's not the case for us. you can find still pockets of areas that are still going to have more demand than supply but

largely we'll see a lot more balance between supply and demand. emily: you mentioned android and high-end phones being in demand. would you say in china, for example, that android is growing faster than i.o.s.? >> what we see right now is an opportunity for qualcomm to grow much faster than the market. a mobile market, which is a mature market, still grows single digit but we saw an opportunity for premium and hype -- devices happening with qualcomm and we see incredible high demand from companies and that is driving a lot of the growth and driving growth faster than the market it. there are factor. i think the samsung -- the flip, higher speed to 5g and consumer right now are becoming even more

dependent on smart phones. they want higher paint. that is driving the growth in q1, which is traditionally that very high quarter when we sell modems to one of our customers. most of the growth in the quarter is coming in the android. emily: we care about phones but everybody seems to be daring a lot about the metaverse right now. do you think it will be as big as mark zuckerberg seems to think it will be and what will qualcomm's role be in it? >> that's a great question. we invested a decade in fund then technologies to enable virtuality. we've been talking about xr for

a long time and the way i see it is the success of oculus, especially with quest. that success drove facebook to think about even changing the company name and believing in the metaverse. we're the company enabling those advices but even if you have different versions of what the metaverse is going to look like across the different systems. what you're seeing over all those advices is qualcomm. there are over 50 devices and all of those have qualcomm snapdragon x.r. yes, they could be as big as phones, to answer your question. glad connection of physical and digital space will be a reality. i have don't necessarily believe that you're going to spend your

life on digital space but is it's going to be a daily thing of our normal lives to connect to those places. i would encourage all of us to carry glasses as well. we're very excited about it. >> a guest from qualcomm coming up coming up, when does she think the shortage will end and the metaverse will begin? ♪

emily: teaming up with facebook parent meta off a solid third quarter earnings report. here's my conversation with anna su. >> we talked about new products in terms of our new c.p.u. and g.p.u. products as well as the fact that 10 of the largest are using meta epic. i'm just going to say a little

bit about our long-term focus on the data center and really wanting to make sure we are working and partnering with the most important companies in the world. emily: as you say, you are working with so many hyperscalers, not just meta but microsoft and amazon and google. give us a picture of what it's taken to win over these big customers and cuts into markets share of your competitors? >> yeah, so this happened -- our focus over the last four, five years has been to build up the capabilities in the data center. we see the data center as one of the most exciting, if not the most exciting markets in semiconductors. there's a match need for high-performance computing and each one of these large hyperscalers are doing such

unique and innovative things. so partnering with the best means you learn how to make your road map even growing stronger going forward. emily: a lot of people still don't know what the metaverse verse is. and just how big an opportunity do you think it is and the way you see a.m.d.'s role in it. >> if we talk about high-performance computer, there's a mega cycle around needing computing in so many different applications. collaborative, research, or analyzing match amounts of data and yes, the metaverse is the next thing on top of it. i think it's one of those areas that in people are talking about in terms of how do you really bring together very intellectual and mixed reality together with all of the collaboration we're doing now.

i think we have new examines expectations of what hype is like post pandemicc. it's an opportunity where you need high-performance c.p.u.'s and processors and g.p.u.'s and in learning and visualization and bringing all that together. we really do look agent the end to end use cases and working with our partners on making that happen. we view tremendous opportunity in hype-performance computing going forward. emily: i'm curious why we're seeing a broadening out considering it's been that focus that has served a.m.d. so well. >> we're excited about the service center overall, emily and if you look at all of the

expansion, it's really an area of special growth and you see more in machine specialization. know question our data center as much as processors have done well but the fact is there are these large-use cases around high-performance computing and a.i. and those need g.p.u.'s and we can put them together in a very first quarter way in the system. we announced today that we're broadening our offerings to include a cloud focus processor line. and, again, this is just an expansion of computing allowing and enabling us to one, invest more and two, try to tailor and partner with what we think our customers and partners will need going forward. >> how do you see your next design for data chips cutting into market share for folks like intel and users of arm

technology that are also trying to break? >> the key in this market frankly is execution. strong execution generation after generation. our current generation, the processors are fantastic. we just found our third earnings and we doubled our service processors as well as our data processor scale. that deals you about the momentum we have. it builds on the capabilities we have with milan. we added features and what that should mean to our customers is they can dock more. it's all about total cost of ownership and how many can

they do in the footprints? we're going to use technology. we're excited about it. emily: with all of these new products, you seem to be planning far enough better a.m.d. can you get if supply to meet these ambitions? >> no question we are planning far bigger a.m.d. if we look at our trajectory, the last two years has been tremendous growth. we just guided 2021 to 65% year on growth when we first started, in january, we were it was 27%. so we've added a lot of strong demands for a.m.d. processors right now.

we're working very closely with all of our supply chain workers. and we feel very good about the trajectory of what we see going into 2022 and beyond and these are all long-term playoffs so it's really about how do we plan, no. judge for this choir on that worry but for 2022, 2023 and beyond. emily: the supply issue seems to be a continuing crisis for everyone else and i'm curious how long you think we'll see the ripple effect of this? is it something you think will reverberate across industries for years, potentially? >> i get asked that question a lot. i'll tell you that i think the environment is such that there's a throttle of capacity and a lot of investment that's being put online so that's positive. like i said, we saw more growth

and more capability towards the end of 2021 than earlier in the year. we'll continue to see improvements as we go into the second half of 2022, and i feel confident that the semiconductor business will get incrementally better going forward. emily: what are going to be the defining trends that will go through a.m.d. in the next year? >> it's a very exciting world in in high performance computer world. if we look at the fact that just maybe 18 years ago we micro sized it at a billion or so. we now see that market size or opportunities upwards of 100

million capability. and from an a.m.d. standpoint, i think our product portfolio is the best it's ever been and it's only going to get better. we have a whole lot of product we're coming out in the fall and we'll continue to talk about it. our goal is to make sure we're following the best trends. we're going to continue to work hard at satisfying all the demand out there but i think we're very optimistic about 2022. emily: coming up, the chip shortage didn't deter global funds relation from going public this year. a conversation with a c.e.o. tom caulfield is next. this is bloomberg. ♪

emily: despite global supply chain is and a massive chip shortage. ceo tom caulfield talked about the company's future and his outlook for when chip supply will finally be able to meet demand. >> over the next two years, 2021 and 2022, we're going to be deploying $6.5 billion in deployment to enhance our

company. part of that, what we raised today will go to part of the funding for that expansion. emily: is that expansion going to come soon enough to help solve this crisis? >> we started this expansion at the end of 2020. we were spending about 4 billion in singapore, a billion in the u.s. and a billion and a half in dresden, germany, so each quarter we were creating more capacity and being able to close that gap in some of the demand. emily: i'm wondering what the rationale is for a low-float i.p.o. are you going to be capping capital markets again at all in any fashion? >> this is not a stock for like a day trader.

this is stock for long-term investors. this is a methodical way of letting some of the stock out into public markets to fund our growth. >> how much will that company, will that investment still be talked around with your growth story, how much will you be able to independently pass on? >> i think you're asking how much will they have after the end of the day today after the trading? sorry, i didn't catch that question. >> indeed, how will you be working alongside previously privately held now an independent producer. >> for one, we're going to be funding our own growth going forward. they will own about 80% of the company after today and continue to be a big shareholder. continue to bring in strategic and like-minded investors but our

free-cash flow generation, after this burst of investment we're making right now. we'll generate cash to both grow our business and free cash flow. >> we were speaking with the professor of harvard yesterday who focuses on supply chains and he said one of the problems was everybody wanted to invest in this new technology but there is still some demand for the older technology. how are you thinking about investing in both of those and also maintaining that edge and growth? >> i think there -- two segments. what we call single-digit manometer, which is about g.p.u.'s, c.p.u.'s, all data center and

the computer and then the pervasive employment of semiconductors. $74 billion and we're putting $52 billion in that pervasive deployment of semiconductor. i would argue that g.a.f. has the most advanced technology when it comes to power management or power efficiency we need connectivity and power efficiently and we are the leading edge provider. >> the stock was down today. a massive i.p.o. is there something you don't think investors are getting? >> not at all. we have a consistent product and we'll continue to be rewarded for that.

>> coming up next, a one-on-one with lisa su in a special edition of bloomberg 1.0. you don't want to miss it. this is bloomberg. ♪

>> i'm tom mackenzie in london. these are your first word headlines. the u.s. and russia will hold a third round of talks next month. the plan was revealed after a 50-minute phone call between president joe biden and vladimir putin. the president said he was satisfied with the talks. biden called on russia to de-escalate tensions with ukraine. avoid cruise travel even if you are vaccinated. that is the latest warning from the cdc. they have been raised to the