especially around things like food inflation. we saw that in the uk. while the risk is with another one or two hikes, i think we are very close to the end of the global tightening cycle. end of the global tightening cle. ., ., , cycle. are we out of the woods when it comes cycle. are we out of the woods when it comes to cycle. are we out of the woods when it comes to a cycle. are we out of the woods when it comes to a recession, | when it comes to a recession, talk of recession, in this part of the world? i talk of recession, in this part of the world? talk of recession, in this part of the world? i do not think we are complete of the world? i do not think we are complete the of the world? i do not think we are complete the out of the world? i do not think we are complete the out of- of the world? i do not think we are complete the out of the - are complete the out of the woods on that. i think the global economy has a risk of going into recession sometimes in the next 1
from each other. the latest move comes from apple who have announced a multi billion dollar deal with the american chip maker broadcom as part of the us attempts to reduce its reliance on foreign made microchips. but as malcolm penn from global semiconductor analysts future horizon explained the situation is more complex. it s a bit more complicated than the kind of the headlines are currently saying, because broadcom isn t already a key supplier to apple, along with qualcomm, but they re really fabulous companies, design houses. they don t actually make the chips themselves. both those companies rely heavily on tsmc and taiwan to actually build the chip. so that isn t going to change in the very near term and take a long time for that to change. so although obviously relying on american suppliers for design, there s not a lot of difference between what they re doing already because they don t rely on china for design really at all at the moment. yeah. and we said there it s a tit
memory chip maker micron. it accuses the manufacturer of failing its network security review and therefore poses a serious security risk. china launched a review into micron s products in march this is the first big measure against a us semiconductor group. this follows similar moves in washington last year when it introduced chip export controls on china in october the netherlands and japan have since followed. let s go to our asia business hub for the details on this katie silverjoins me now. tell us more about china s decision. tell us more about china s decision- tell us more about china s decision. . , decision. that s right, so as ou sa decision. that s right, so as you say it decision. that s right, so as you say it does decision. that s right, so as you say it does seem - decision. that s right, so as you say it does seem to - decision. that s right, so as you say it does seem to be | you say it does seem to be something of a retaliatory move. it s the first big mov
to be paid straightaway. they won t see any difference for people using facebook, they will have a grace period to appeal this decision and that s what we expect in the coming months. ., ~ , ., ., ., that s what we expect in the coming months. ., ~ ., ., , ., to china now, which has banned key infrastructure operators from using products by us memory chip maker micron. china initially launched a review into micron s products in march, and has now accused it of failing a national security review. the ban follows a similar move from washington in october last year, when the us introduced chip export controls on china. the netherlands and japan have since followed. 0ur asia business reporter katie silver explains. it is china s first big move against a us chip maker and as you said, it follows his move from last year from washington and we are seeing tensions continue to escalate over this issue of chips. as you say, it follows a review in march and
worst case situation, we would see get good job losses, us household consumption is forced back, investment as well, financial markets would plummet and this would impact asia as well, which has close trade ties, financial market links with the us economy as well. certainly would be contagion over to the asia pacific region. over to the asia-pacific region- over to the asia-pacific reuion. . ., ., region. katrina from moody s anal ics region. katrina from moody s analytics and region. katrina from moody s analytics and speaking - region. katrina from moody s analytics and speaking to - region. katrina from moody s analytics and speaking to me j analytics and speaking to me earlier. the billionaire investor warren buffett has said it s more comfortable investing in japan said it s more comfortable investing injapan rather than taiwan, given the growing tensions between the us and china. last year his investment company berkshire hathaway invested more than $4 billion invested more th