Volkswagen (VWAGY) has begun developing its first in-house chip, being developed by a joint venture between its software unit Cariad and Horizon Robotics (HRZRF), Edward White of The Financial Times reports. The goal is to provide advanced driving capabilities in China to better compete in the market.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on VWAGY:
- RIVN Earnings: Rivian Stock Jumps after Beating Estimates and Reaffirming Guidance
- Volkswagen reports 9M revenue EUR 238.7B vs. EUR 237.3B last yeart
- Volkswagen expects FY25 sales revenue ‘in line’ with FY24
- Midday Fly By: Novartis to buy Avidity, Keurig Dr Pepper beats expectations
- Volkswagen CEO says chip supply is okay for now, Reuters reports
