The German government will set up a new state-owned company which will provide startups with the money they need to transform a great idea into a successful business, Spiegel reports. As of 2018, startups will be able to apply to a new state-owned fund for the venture capital needed to accelerate the growth of their businesses, according to a government report seen by Spiegel. Source The Local
Carmakers hoping for relief from the acute global chip shortage may have to wait until 2023 before things return to normal, German semiconductor supplier Infineon warned on Tuesday. Source Fortune
If chips are the new oil of the current era, then it pays to hear from the chip chiefs such as TSMC Chairman Mark Liu.
He revealed plenty about the U.S. desire to boost domestic chip manufacturing after decades of neglect in a rare and extraordinary interview on “60 Minutes.” Liu said U.S. companies and the government should not focus on the costly process of shifting the chip supply chain to the U.S. and instead pay more attention to R&D and global collaboration. Source Fierce
Afghanistan’s security forces have fought back a Taliban offensive in southern Helmand province, officials and residents have said, as the armed group launched assaults around the country after a missed United States deadline to withdraw troops. Source Al Jazeera
