AAPL Stock – Volkswagen to design chips for autonomous vehicles, says CEO
HAMBURG, April 30 (Reuters) – Volkswagen VOWG_p.DE plans to design and develop its own high-powered chips for autonomous vehicles, along with the required software, Chief Executive Herbert Diess told a German newspaper.
“To achieve optimal performance in light of the high demands that exist for cars, software and hardware have to come out of one hand,” Diess told Handelsblatt.
Volkswagen did not plan to build semiconductors but wanted to own patents if possible, Diess said, adding that the group’s software unit Cariad would develop the expertise and expand.
(Reporting by Jan Schwartz; Writing by Christoph Steitz; Editing by Edmund Blair)
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