Zoomcar

Feeling chipper: VW wagers on Chinese tech while Samsung gets a hall pass on US restrictions

Volkswagen plans to invest EUR 2.4 bn to secure Chinese chip tech, the FinancialTimes reports. The German carmaker, which earns around half its net income in China, will take a 60% stake in a JV with Chinese firm Horizon Robotics as it pushes into AI-assisted and driverless cars as a way to maintain its lucrative…