the ceo of infineon looks to malaysia to power transition net results.p ong spoke to him. >> reporter: infineon is the up the largest facility to produce the high-end chips. these chips are more energy efficient making them ideal for data centers and electric vehicles. infineon is looking to look at the efforts to move up the semiconductor supply chain. how will this help the fortunes after a few bruising quarters with the slowdown of ev chips? the ceo thinks the growth may pick up soon. >> none of these trends like mobility or others will work out along a lineal curve as many people always assume. there will be always ups and downs, but there will be growth. i foresee and other parts of the world. >> reporter: a key factor is how quickly malaysia can elevate the talent pool to drive infineon. malaysian prime minister thins his country is up to the challenge. >> our professionals and students with this capacity and the plan is with the ingenuity and now is the time for them to act. our role in the government is to f fa sill at tcilitate that proce them f

infineon is among the four which is moving slightly higher at this stage.hen you think of the other names, asmi is down 2.7%. asml is down almost 2%. as investors continue to think about what the potential u.s. recession could mean for some of these names as well. we know generally speaking a u.s. recession or recession overall is not good news for tech names and some of the chip names, too. i also want to take you to the banking sector because it is an important one when you look at the possibility of a recession, too, because it does put pressure on the balance sheets of banks as well. at this stage, looking at the european names, we have deutsche bank down 4%. in france, it is down 4%. all in all, we are seeing red among the names. ubs is down 3.7%. ubs reporting next week. we will bring you those numbers as well. when it comes to oil and gas, it is one of the sectors under pressure this morning. looking at some of the names at this stage in the session, we have bp down by 3%. more pronounced moves by shell down 3.5. when it comes to the trading in spain

will be the first in europe for tsmc. will be the first it is teaming up with european chipmakers infineonsmc with the eu firms each having a 10 percent stake and tsmc holding 70 percent. the eu has approved e5 billion euros in german state aid for the project. ursula von der leyen hailed it as a "win—win for all of us" here's david waddell. 3, 2, i, shovel. here's the breaking—ground ceremony in the german city of dresden for the world's newest semiconductor plant — the european semiconductor manufacturing company. but the world's biggest chip company, tsmc — that's the taiwan semiconductor manufacturing company — will have a 70% majority share in the new enterprise. the benefits to tsmc are clear. we choose dresden because of the reason, simple — it's very close to our customer. and also we can access many talented people. so we promise that we are going to continue to recruit and develop the talented people in this area. this is not tsmc�*s first foray onto foreign shores. in recent years, it's been ramping up investment in arizona to bring some of its most advanced technologies to the

infineon, fourth-quarter segment result margin.in at about 20%, below the estimates of just shy of 22%. the estimates were for 21 point 6%. they now see fourth-quarter margins of around 20%. in terms of full-year revenue, that is coming in lower than estimates. 15 billion euros versus 15.1 3 billion. in terms of the full-year forecast, within the guided range but we know there has been a challenge particularly in terms of the v-chip demand and smartphones. we saw that with the likes of samsung and qualcomm. let's cross over to get a more broad look at the equity market story. u.s. stocks and the index futures something we have discussed. mounting concerns over the economy. japan's topix crashing more than 10%. let's bring in mliv's paul dobson. is this an overreaction of the jobs report that we had on friday? a number of jobs added came in well below the estimates. is this an overreaction? paul: it is certainly a grim reaction in markets today and part of that catalyst was the payrolls report. a lot else going on in the background