Germany plans to double AI funding in race with China, U.S
By Thomas Escritt BERLIN (Reuters) - Germany plans to almost double its public funding for artificial intelligence research to nearly a billion euros over the next two years, as it attempts to close a skills gap with sector leaders China and
Chip shortage in Germany’s car industry will last years
By Riham Alkousaa Chip shortage: BERLIN (Reuters) - Semiconductor shortages that have created bottlenecks for Germany's car industry will take years to resolve despite chipmakers' plans to build factories in the country, a senior Audi manager was quoted as saying on
Germany’s Delivery Hero hikes 2023 revenue outlook, eyes investments
By Linda Pasquini and Anna Mackenzie (Reuters) - German online takeaway food company Delivery Hero on Wednesday raised its full-year revenue outlook and said it eyed growth investments, after it swung to a profit in the first half of the year
After jobs warning, Germany’s Axel Springer says AI can liberate journalists
By Klaus Lauer BERLIN (Reuters) - A senior executive at German media giant Axel Springer on Thursday said artificial intelligence would free journalists to devote more time to core reporting, days after an internal email warned the technology would lead to
CEO of Germany’s Merck: decoupling from China would be at huge economic cost
By Ludwig Burger and Patricia Weiss FRANKFURT (Reuters) - The CEO of German technology group Merck KGaA said that unravelling trade ties with China would come at great economic cost and she was banking on dialogue to ease tensions between Beijing
For the German antitrust authority, Apple is a player to be monitored
The Bundeskartellamt can prevent companies deemed crucial for competition in the market from engaging in anti-competitive practices. German antitrust authority: The Bundeskartellamt - the federal competition authority in Germany - has confirmed that Apple is one of the companies considered fundamental for competition
Wolfspeed plans multi-billion dollar chip factory in Germany
U.S. power chip maker Wolfspeed’s silicon carbide 200mm wafer is seen on display at Wolfspeed’s Mohawk Valley Fab in Marcy, New York, U.S., April 2022. Courtesy of Wolfspeed/Handout via REUTERS By Tom Sims FRANKFURT (Reuters) - U.S. power chip maker Wolfspeed Inc
Intel delaying German factory start, wants more subsidies
The Intel Corporation logo is seen at a temporary office during the World Economic Forum 2022 (WEF) in the Alpine resort of Davos, Switzerland May 25, 2022. REUTERS/Arnd Wiegmann By Thomas Escritt BERLIN (Reuters) - Intel Corp has backed away from its
German economy ministry favours blocking Chinese takeover of Elmos’ chip production – sources
By Markus Wacket BERLIN (Reuters) - Germany's economy ministry has recommended to the cabinet that the government block the Chinese takeover of Elmos' chip factory, saying it would pose a threat to national security, ministry sources said on Tuesday. Milder measures, such