of our top stories or leaders have condemned the storming of brazil's congress by supporters of the former president jr. bull scenario. the new president has vowed to punish the writers. u. s. presidential biden is holding talks with the leaders of mexico and canada. the so called 3 amigos summit is focusing on migration and drugs. next, we've got computer chips in the crosshairs as western countries worry about relying on semiconductors from china. that's more with business. i'm gonna look up a lot more for you as soon as watching. ah ah, every jenny is full of surprises. we've gone all out to give you some tips one day in the in the footsteps. all right, please hold and i'm in your northern most count to play

with 3 times the log. still very much alive. dw channel, you'll guy to the potential. huh. in germany it recognizes where exactly it was fun and i've learned a lot our culture history, all their d. w. travel extremely worth a visit. ah, ah, the global chip brace is on. we'll look at how semiconductors could become a major battle ground for rival superpowers in 2023. also on the show from goldman sachs to golden sacked, the investment bank lays off thousands as a global downturn weighs on markets will get more from wal welcome to the w

business. this is christy plats and back with you from berlin. it's becoming a major battle ground among rival superpowers. the u. s. is encouraging its international partners to join a plan ban of chinese computer chips. according to media reports, us ambassador to japan, rama manuel says the u. s. is in discussions with japan, the netherlands and south korea, nations 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. he said the deal must be multilateral in order to work. 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, of powerful semiconductors taiwan has passed its own ships act to give tax breaks to key manufacturers. now, earlier i spoke to dan, i've a tech analyst at web bush securities and i asked him how significant a ban on ship making equipment would be for china. really look,

this is 7, say an arm trace the tap 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 wildcard in overall tack. go 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 think bandage strong, where do you 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 barm's race? 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 or in 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 ultimate,

they can compete from a cost perspective. it comes down to like a 1000 are that continues to be mean china versus war in the us at $2500.00. that was dan. i've tech analyst at web security. thanks so much for those insights . thanks just a bit. sticking with the topic, the u. s. is clearly racing to increase its best 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 alexandra 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 arg 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 the and is that she works with hussein's id, the c e o of q c o 2. sadie says q c, 82 ships 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 q c. 82 team 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 and investment in small semiconductor startups run out of research institutions, just like cute the 80 to richard chillen works on funding for many young high tech start up learners. 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 their plumbing a bit 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, 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. now let's have a look at some other global business stories making us to day. members of the

public will now be able to blow the whistle on companies flouting antitrust law in the u. that's thanks way hot mindset 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 mcdonald 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, core 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?

yeah, well chris isn't so david, tell him and took over goldman a good 4 years ago. 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 losses of the credit. the people were able to pay their mortgages to 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 gotten 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 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, the key thing will banks war and that they will be putting more money aside for possible credit losses. we probably will the profit to decrease a bit, maybe revenue even increasing a bit, but how much money banks are putting aside that will be great. thank you. yeah. and finally, a modified boeing $747.00 nickname cosmick girl is bound for the skies in a 1st for the british space industry, it's taking off from southwest 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, accessed with use of russian saw use vehicles. this is virgin orbits. 5th commercial lots. that's our sal. thanks for watching. ah, ah, ah, brazil after the transition of power. both an are far right. supporters, storm the seat of government pointing the country into chaos. how did it come to this? what did those the borders hope to achieve?

and what are these embittered rioters cleaning on to you lose return of brazil divided kluso next on d w. the secret war between iran on the website builder, israel and the united states. why does it ever seem to end? for over 40 years old, limited efforts have failed, only there has never been real dialogue. the 2nd part of our documentary, the law, is in 45 minutes on d w. ah oh, you live on to got a month when i'm a lost. i didn't want to play it

is someone is currently more people than ever on the move worldwide in such a better life. but a case of in pod went back a lot of money left for the lead with a lender method. there was a find out about bailey's story info, migraines, reliable news for migrant. wherever they may be. why? oh, why it was the biggest year of our lives those now here in brazil. yeah, we deceive people and i went to legitimize what was excited.