TSMC will prioritize auto chips if possible

On Monday, in a statement Taiwan Semiconductor Manufacturing Co Ltd (TSMC) stated, it will prioritize production of auto chips if it is able to further boost production, said Taiwan’s Economics Ministry after Minister Wang Mei-hua spoke to senior company executives. On Sunday, TSMC had told the ministry that they will “optimise” the production process of…

German agrees 100% depreciation of digital assets as part of economic stimulus measure

According to a statement from German Finance Minister Olaf Scholz, Germany will provide an annual tax relief of around 2.3 billion euros as part of part of a new measure to support purchases of digital assets, including computer software hardware. German state government and the federal government agreed on Tuesday, that digital assets could be…

Autonomous cars to hit the market after 2025: VW CEO Herbert Diess

In an interview, to Germany’s Wirtschaftswoche weekly magazine, Herbert Diess, Volkswagen’s CEO stated the carmaker expects autonomous vehicles to be ready for sale between 2025 and 2030. Improvements in artificial intelligence, as well as improvements in the performance of computer chips are speeding up the development of autonomous vehicles. “It is foreseeable that the systems…

Amazon.com’s trade union Verdi’s 3 day strike does not cover Cyber Monday

In a significant development, trade union Verdi has called on workers at seven German Amazon warehouses to go on a three-day strike which coincides with the discount shopping event “Black Friday” on November 27. The strike is scheduled to begin with Wednesday’s night shift, said Verdi, which is demanding better working conditions and pay. Since…

Astanor Ventures raises $325 million for investing in agri-food tech startups

On Friday, Astanor Ventures, a backer French insect breeder Ynsect as well as Germany’s vertical farmer InFarm stated, it had raised a $325 million fund to invest in sustainable agriculture, food, and ocean technology startups. The new fund will back ventures that seek to make the food supply more resilient to climate change and attempt…

Daimler signs licensing agreement with Sharp Corp after losing patent lawsuit

On Wednesday, in a statement Sharp Corp said, German automaker Daimler has signed a licensing agreement with it following a settlement in a patent infringement lawsuit concerning in-vehicle mobile communications technology. In a court ruling last month, Sharp won the patent dispute with a German court allowing Sharp to enforce a sales ban against Daimler…

Heightened demand for human augmentation technology: survey results by Opinium Research

According to a research report commissioned by Kaspersky, two thirds of those who were surveyed in leading Western European countries consider technology induced augmentation of human body parts, most of which are related to improving health, will improve their lives. With technological revolutions shaping humanities near future, tech leaders opine it will change every aspect…

Tesla launches fast charging infrastructure in Berlin

In a development that marks the setting up of infrastructure for electric vehicles, managers at Tesla demonstrated a new supercharger in a research campus at Berlin saying, they were looking to target more cities to install electric vehicle charging infrastructure to increase the traction of EVs for potential buyers. “Now, as part of our commitment…

Germany’s Auto Motor und Sport reviews VW’s ID.3, finds it short of usual fit and finish

Reviewing the ID.3, Volkswagen’s new electric car offering, Germany’s Auto Motor und Sport said, it falls short of the carmaker’s usual standards of fit and finish; also it had a limited operating range. The review comes ahead of the launch of the ID.3 “The inner side of the hood looks like it was painted with…