south 2023. could see semiconductors provide a major pass around arrival superpowers. this is data the business on robots in berlin. welcome to the program. china reopens it. stores. international travelers have been leaving and arriving in the country for the 1st time. in almost 3 years. there were long queues today or says families rushed to reunite, having not seen one another since, before the pandemic hit reopening is expected to provide a major piece to airlines and the global economy. however, or i was in china still need to provide proof of a negative cov 19 test. as the chinese travelers landing in many european countries was a discuss this further. let's cross to asian journalist andrea bait, andreas. good. have you on the program as ever. how big a deal is this reopening of china for the global aviation sector? it's supposed to be a very big deal because the missing puzzle piece so far to get back to normality

after the pandemic was really the opening up of china. and as recently as december yamaha, the global scale kerio organization, just forecast only a very slow opening up of china, probably by the end of 2023. this is basically a very good news for the industry. however, we now really have to see how quickly the international, the global lines can benefit from this. as we just hearing now about all these new barriers going up was required tests and everything. so it's a question really how quickly this would show in demand to demand. this is actually one of the things that turned out to be a problem last year. it wasn't that demand more generally bowed wide, came back quicker than airlines and efforts were prepared for will they be sufficiently prepared for the chinese travelers to once again be entering the market. but in general, the industry has bounced back quite nicely quite rapidly. after the pandemic, which was even surprising to most industry observers on the chinese and that's the

good news. all the carriers in china would have been heavily lost making recently, of course of us china innovation market was basically frozen on 20202019 levels was 0, quoted politics there. and the chinese carriers kept all the airplanes. they kept most of the staff. so they should be prepared fairly well as it was seem with the airports there. and of course in europe, the tourism industry and why this is really bracing, what is expected chinese? do you lose of travelers before covered? there were 155000000 chinese pen just traveling abroad. this might be a bit slow down because many chinese need in your passport, and that's a big problem for chinese to obtain these right now. you mentioned about the restrictions and i mentioned about them as well. the ones, a lot of chinese travelers are landing here in europe. i ought to, the global asian body make quite clear. it was not a fan of these restrictions. how much of a down or is that going to put on the the benefits for the aviation sector?

yes, in demand to be seen. i mean cause it's a bit of a unwanted thing to see barriers go up once again. what we want to look over basically, and of course it's understandable measure of precaution from european side in the asia pacific region. all the countries are open to trying to service out any hospital. they probably would definitely go 1st to the asian, neighboring countries. but you have to keep in mind that europe was the biggest chinese long hall market before cobit so it's supposed to be a very big interest. and the request we remain to be seen right now is how quickly will the western carriers get up with their frequencies again to, to china, and just to see how quickly european business travelers also tourism bond with back to china of course is 2 sided game. and something and how to predict, right, know how long it will take before the present them levels can be reached again,

thanks for doing your best to look into the crystal ball for us. anyway, andrea faith, their education journalist. thank you. let's take a look at some of the other global business stories that making the news. billionaire jack myers giving up control of china's largest fintech platform and crew which he founded. chinese regulators prevented the companies planned i p o 2 years ago and have since clamped down on china's booming private sector. and group says, no individual will have overall control and is of work as a class with police at a factory in central china where cove in rapid energy kits for g. g location data shows videos posted to social media, were filmed at a factory in cha ching online uses that the process was over, wages and nail. and goldman sachs says it cuts $3200.00 jobs more than a 3rd of course, so likely in the lenders,

core trading and banking use. earlier us banking piers. morgan stanley and city group also cut thousands of jobs as they expect a weaker economy. this now is becoming a major battle ground for rival superpowers. the race is on to secure dominance of the world's supply of computer chips. a global shortage of semiconductors has shown how important they are to the global economy and the u. s. is determined to take control. oh, she is a co founder of 2 c, $82.00. it's a small start up burke from the labs at the university of virginia and the u. s. they're developing cutting edge semiconductors, also called chips. the red box as og, 3 the laser there drive the car system and an inside this chamber. okay. environmental chamber, there is a very small chair. the cool thing is that everything here is at room temperature.

and now other than the chip to be the only and is that she works with hussein's id, the c e o of q c o 2. sadie says q c, 82 steps, maybe microscopic can have a big impact. that's because they'll be used for quantum computers. these computers can do things like simulate the movement of atoms and molecules. this can help lower the cost and speed of manufacturing drugs, but much of the work that hussein through ye and the rest of the queue, cd to t does is theoretical and it can be hard for a startup at so future focused to get funding in resource intensive initially time ah, money, labor intensive in the beginning. but it also leads to much more scalable technology that has much more longevity. but their vision may be getting more support, thanks to the chips and science act. it's a $280000000000.00 technology package designed to grow the chips and high tech

industry in the united states. the thing is, though, the act was signed into law in august of last year. funding hasn't actually been drawn down yet, but it's still driving interest and investment in small semiconductor startups run out of research institutions just like q c 80 to richard chillen works on funding for many young, high tech startup modernist. suddenly we have companies whose odd technology is related to some connector industry and suddenly they're finding a lot more investors wanting to talk with them. interested in about having conversations with them about funding their next round of technologies. the chips and science act was already being in $200000000000.00 worth of private investment to the industry. that's according to the u. s. a semiconductor industry association semiconductor factories in syracuse, new york, and tell us resting $20000000000.00 do the same in ohio. the q c,

$82.00 teen produce their 1st ship prototype without billions of dollars. it's an accomplishment that they're proud of. regardless of what might con, you're literally pushing the unknown a little bit further. it's like, of course we want to, you know, make the pulling a beard and walk eventually. even if it doesn't happen as long as we push a tube, we push a technology to what human being and possibly push into if it does work to ye. hussein and the rest of the q. c. 82 team want to take things even further. one day they hope to design their entire range of products from start to finish on us soil . that is, if the chips and science act delivers on its promise my, let's dig a bit deeper into the global ships, rice and speak to richard gordon, who is semiconductors and electronics laid out the consumption. se god now is great to have you on the program. richard semiconductors have become a major focus of competition between super bows. haven't they? now, why exactly is that though?

yeah, governments around the world have realised that semiconductors are critical to the global economy and are actually becoming a national security issue. so what's going on at the moment with the industry, my strategic point of view is that the a globalized nature of the industry is kind of unraveling. and it's being rebuilt along with tech, no nationalism lines. so each, each show power block if you like the u. s. u, a from a rural china leader below the semi country industries a market a domestic or nationalized abuses. we're hearing how, you know, the u. s. is investing hundreds of billions of dollars in teary boosting. its domestic semiconductor industry over the next few years. i mean his main global rival these days is china, of course, house china gonna respond to that sort of spending. yeah,

this is a, probably the most critical or interesting thing in the industry right now is higher . the, the same doctor industry, investment and technology roadmap is going to play out, you know, up to now it's been, as i said before, philly globalized, but the u. s. is trying to, to regain technology leadership over china and trying to restrict technology into china. so china has a couple of things it can do. first of all, the short term, it can invest in legacy technology where the u. s. is not restricting access and longer term it can develop its own leading edge technology. that's a much bigger challenge that are some particular critical piece of equipment that china needs to, to have access to or to develop itself. and that's gonna take a long time, you know, 101520 years to, to develop that, that domestic inability for china. so the task ahead for the u. s. in san jose, very different on the semiconductor shortage that we've seen as

a result of the current of ice pandemic is. but the reason why they've realized that is so important to have, you know, a reliable supply of semiconductors, isn't it? is that semiconductor shortage going to continue through 2023 weak nearing the end of it now? yeah, this gets to where we are in the industry cycle and, and as you mentioned, you know, the last couple of years we've seen shortages, the same happened. industry grew very strongly in 2021 from a revenue perspective. this, this last year 2020 to that growth, to slowing down rapidly. the chip shortage is resolving. i wouldn't say it's completely resolved yet. the still a couple of ships that are slightly a problematic from a lead time availability perspective, but it is resolving and the industry this year 2023 will actually decline and revenue terms. and that actually is quite an interesting for a timing point of view. you know, we talk about all this money being thrown but industry by governments, but the industry isn't ready to invest it yet in capacity because of where we are

in the cycle. so we'll probably see them back pedaling a bit or, or, or, you know, being less aggressive on, on capacity additions until the industry kind of gets back into equal equilibrium equilibrium from a supply demand perspective. as we know, the global economy as adding into recession is, or that's having an effect on, on demand. yes. and the money's coming by them make as unnecessarily ready for it just yet. well, richard gordon from garden as be very interesting. speaking to you. thank you very much. thank you. not so from in a business same here in berlin from all head. i was a team you at d, w dot com slash business. ah, ah, with

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