the desirable scenario rampaged in the capital of brazilian, saying they did not accept his defeat in last year's election. and ukrainian president below to maria zalinski says his country's troops are holding on despite everything and a section of the eastern front. they're facing continuous assaults by russian government troops and mercenaries around the towns of still the dar and chinese computer chips and the process as western countries worry about the security implications of relying on semiconductors from china. se plans and has the details on business after the break. thank you so much for being with us on friday. with today. this me wanting to a foreign planet. in the 16th century, it meant being a captain and setting sale to discover a route. a race links to military interests,

a race linked to political and military proceed, but also linked to my financial adventure full of hardships, dangers, death. but jillions journey around the world starts january 19th. sometimes the big jump right out to our tv highlights for she can read a book every week. not the mob for the global chip brace is on will look at how semiconductors could become a major battle ground for rival superpowers in 2023. also on the show from goldman sachs to goldman fact the investment bank lays off thousands as a global downturn weighs on mark. we'll get more from wall street. but welcome to

dw business. this is christy plaza, back with you from berlin. it's becoming a major battle ground among rival superpowers. the u. s. is encouraging its international partners to try to join a plan ban on chinese computer chips according to media reports. now u. s. and bastard to japan, rom, manuel says the u. s. is in discussions with japan, the netherlands and south korea nations, a critical to the industry supply chain. in an interview with bloomberg, he said, all the parties are at the table. all the parties have a mutual shared interest in the outcome. everybody has different aspects of the industry. he said the deal must be multilateral in order to work. now the korean government for its part has denied its and talks with the u. s. at the stage. meanwhile, another u. s. partner and the world's biggest manufacturer of powerful semi conductors. taiwan has passed its own ships act to give tax breaks to key manufacturers.

well, for more insights, let's bring it down. i've. he's a tech analyst at web, web security. then thanks for joining me now, as we just said, it's taiwan, not china, who's really leading in terms of semiconductor production. so how significant would a ban on ship making equipment for china? really be on an international level, realtors who essentially an arm trace cap and we're seeing more and more of a decoupling in the us between china. because of especially with things like artificial intelligence and some other technology who's going to control it. and i think doing, we're seeing a game, a high stakes poker, your apple plays a key part and comes from the chip partners. and i think this continues to be a key. what i'll call wild card in overall tack, going in 2020 through. well, you mentioned apple. what do you think? tech companies are thinking right now and talks of bands like these get going. the guy thing bandage strong word, but i do believe that you're going to start to see more and more especially come as

a gap or want to control their own echo system. i need one west geopolitical risk, and that's something that i think is gonna play more and more of a role. also in terms of the tap in the us, why the tax incentives in terms of building ship manufacturing, u. c t s, you know, in some other, you know, a semi players start to build now in the us. and this is going to be a big story because ultimately it's really what china is, move is next year. does this start to become more of a, the coupling in the chip arm juries. ok, well you're talking about china's move, but i want to hop on to what you just said about, you know, things being built out in the u. s. u. s. europe, they're both pursuing greater competitiveness in this area. when do you think we'll really see these efforts bearing fruit guys being for the 1st time we're actually starting to see a play. i know again this is not going to happen overnight. i mean the semi food chain,

and i think the power continues to be in china. we'd spend next 570 years. but i did, we were starting to see the siege of that in terms of play out in the us and throughout europe. but alive is going to be back competitiveness because these companies are not going to build chit facilities, making sure that automated, they can compete from a cost perspective. it comes down to like a 1000 our own that continues to be mean in china versus war in the us. the 2500. that was dan. i've tech analysts at web security. thanks so much for those insights . thanks. allstate, sticking with the topic, the u. s. is clearly racing to increase its competitiveness in this area. thanks to the chips act passed by the biden administration. the country is investing billions to encourage research and development in the industry while the law just passed just last august. it's already having an impact on small players in need of a boost. d. w reporter alexander a williams, went to a research lab in charlottesville, virginia,

to find out more for us. now she is a co founder of q. c. 82. it's a small start up burke from the lapse of the university of virginia and the u. s. they're developing cutting edge semiconductors, also called chips. the red box as arc fee, the laser that 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 you don't need and is that she works with hussein's id, the c e o of q c o 2. sadie says q c, $82.00 steps may be microscopic. we 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 que city to teen does is theoretical and it can be hard for a start up that so future focused to get funding. the source 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 promote chips that high tech industry in the united states. the thing is, they'll be asked to sign into law in august of last year. funding hasn't actually been drawn down yet, but it's still driving interest. an 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 start up slenderness. suddenly we have companies whose odd technology is

related to semiconductor 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 bringing in $200000000000.00 worth of private investment to the industry. that's according to the u. s. semiconductor industry association semiconductor factors and circus new york. and charles rescued. $20000000000.00 do the same in ohio de, q c, $82.00 teen produce their 1st chip prototype without billions of dollars. it's an accomplishment that they're proud of. regardless of what might come. you're literally pushing you unknown a little bit further. it's like, of course we want to, you know, make the plumbing 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 can possibly push it to. if it does work to ye hussain 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. now let's have a look at some other global business stories making us today. members of the public will now be able to blow the whistle on companies flouting antitrust law in the u. that's banks way hotline set up by the european commission. the tool allows individuals to report merger breaches and other anti competitive practices. the fcc is charging the former head of mcdonalds for defrauding investors. ex fios steven easterbrook was paid more than $1000000.00 in severance, claiming he was terminated without cause. when in reality, he had been hired for having an inappropriate relationship with an employee. goldman sachs says it will cut $3200.00 jobs more than one 3rd of the cuts are likely to come into lenders cor, trading and banking units. earlier us banking piers,

morgan stanley and city group also cut thousands of jobs as they expect a weaker economy this year. well, for more on this, we go out of the young quarter at the new york stock exchange. hi there again. now, goldman had been on a hiring spree just a few months ago into the pandemic recovery. what's changed since then? well, kristie is in so david, tell him and took over goldman good for years to go. employment actually has increased by a good 30 percent, especially if you look at 20202021. we saw an exploding ip market. a lot of companies came to the market. so we also got a lot of support from the government for consumers and for a company. so we did not see a lot of lots of all the credits that people were able to pay their mortgage and all of that help. and that might be changing. and now, so we see higher interest rates that makes it more difficult or actually the

highest the debt load for consumers. also for companies that we will see if we will see a higher delinquency rate, the banks are getting ready, they're putting money aside for possible credit losses. and that's why the entire environment that's got and gotten a bit worse at this moment for bank. right? yeah. so you're talking about them preparing for the worst. i mean, we're seeing a general overall economic slowdown. i wanted to ask you if, if the banks are prepared for this yeah, sure, i mean, christy, that the outlook for economic growth globally is actually worsening. definitely makes it all so a tougher for a bank is what we are probably going to see this earning season and also the next couple of quarters. the banks will put much more money aside to be on the safe side for possible credit lawson. so that could be a burden on the balance sheets and also we will have to see if the ip market of

mergers and acquisitions pick up. at this point. it doesn't seem very likely in the near future. but having that said, we also are in an environment of higher interest rates, and that usually is an environment for banks and to print money. it's not all as bad, and i'm quite certain the big banks will come up with a 1000000000 dollar profit, even if the profits might not be as top and as high as we've seen in the past couple of quarters. ok, so you're telling me i don't need to lose sleep over the investment banks, but we know quarterly figures are out friday for the banking sector. what do you think we can expect? yeah, what we will see. yes. and that will be the key thing. will banks war and that they will be putting more money aside for possible credit losses? we'd probably be billed the profits to decrease a bit, maybe revenue even increasing a bit, but how much money bank are putting aside that will be great. thank you. yeah,

well that's are. and finally a modified boeing $747.00 nickname cosmick girl is bound for the skies. and at 1st for the british space industry, it's taking off from southwest england carrying a virgin orbit rocket under its wing. the rocket is carrying 9 small satellites that will be deployed once it reaches earth, slower orbit. the new spaceport gives europe options for launching smaller satellites at a critical time after the ukraine war cut access with use a russian. so vehicles. this is virgin orbits. 5th commercial launch. that's are so thanks for watching. ah. do you like it with do you want it? okay. then buckle up, put the pedal to the metal and let's ride with

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here. the answer to almost everything. we're documentary series with clever, crazy, pretty groundbreaking questions. can we go into the after life or are we getting dumber? how can we feed every 1? 42, the answer to almost everything starts january 15 on d, w. to meet some people want to put you down. but you know, my clown very well.