Volkswagen to design chips for autonomous vehicles, says CEO

FILE PHOTO: A Volkswagen logo is seen as it launches its ID.6 and ID.6 CROZZ SUV at a world premiere ahead of the Shanghai Auto Show, in Shanghai, China April 18, 2021. REUTERS/Aly Song

HAMBURG (Reuters) - Volkswagen plans to design and develop its own high-powered chips for autonomous vehicles, along with the required software, Chief Executive Herbert Diess told a German newspaper.

"To achieve optimal performance in light of the high demands that exist for cars, software and hardware have to come out of one hand," Diess told Handelsblatt.