EUR

German technology group Robert Bosch has earmarked more than EUR 400 million (roughly Rs. 3,490 crore) for investments in microchip production in Germany and Malaysia next year to ease a global shortage.A lack of chips for automakers has disrupted vehicle production around the world, with suppliers relying almost exclusively on chips from only a few manufacturers in Asia and the United States.The largest part of Bosch's budget will be spent on a faster expansion of its Dresden, Germany factory for 300-millimeter wafers,…

Intel and Italy are intensifying talks over investments expected to be worth around EUR 8 billion (roughly Rs. 68,120 crore) to build an advanced semiconductor packaging plant, two sources close to the matter told Reuters.A deal of this size would secure Italy about 10 percent of the EUR 80 billion (roughly Rs. 6,80,920 crore) the US company is looking to spend over the next decade in Europe on cutting-edge manufacturing capacity to help avoid future shortages of semiconductor chips.Sources had previously told Reuters…

Spain's government has approved a plan to spend EUR 12.25 billion (roughly Rs. 1,01,600 crore) on the semiconductor and microchip industry by 2027, Economy Minister Nadia Calvino said on Tuesday, including EUR 9.3 billion (roughly Rs. 77,100 crore) to fund the building of plants.The programme that consists mostly of European Union pandemic relief funds is directed towards the digital economy and demand created by chip shortages. It was originally set at EUR 11 billion (roughly Rs. 91,200 crore) when announced by Prime…

Germany's government wants to attract chip makers with EUR 14 billion (roughly Rs. 1,13,132 crore) in support, Economy Minister Robert Habeck said on Thursday, adding that the lack of semiconductors used in everything from smartphones to cars was a massive problem.A global chip shortage and supply chain bottlenecks have created havoc for car makers, healthcare providers, telecoms operators and others."It's a lot of money," Habeck told a gathering of family businesses in Hanover.In February, the European Commission set out…

More than 70 original NASA photographs including a celebrated image of Buzz Aldrin's moon walk taken by Neil Armstrong were sold at auction in Copenhagen on Wednesday for more than EUR 155,000 (roughly Rs. 1.3 crore).The Aldrin image, which fetched EUR 5,373 (roughly Rs. 4,52,000), shows the astronaut on the surface of the moon in July 1969 during the first manned lunar landing. It was famously used on the cover of LIFE magazine.Armstrong, the first man to step onto the Moon, can be seen in the reflection of Aldrin's…

French authorities on Wednesday slapped a EUR 90,000 (roughly Rs.7,476,100) per day fine on Amazon until it removes abusive clauses in its contracts with businesses using its platform to sell their goods.The anti-fraud DGCCRF service said the online sales giant's contracts with third-party sellers who use its Amazon.fr website contain "unbalanced" clauses."The company Amazon Services Europe did comply completely with an injunction it was served and it is now subject to a fine of 90,000 euros per day of delay" in applying…