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🟠 Volkswagen’s last chance in China?

Reading time: 4 min 18 sec

 

☕️ Good morning, friends,

A milestone the Chinese can truly be proud of:

Chinese astronauts have become the first humans in history to grill food in space chicken wings and steak, cooked in a smokeless oven brought aboard the space station by the new Shenzhou-21 crew.

Researchers call it a “breakthrough for quality of life in orbit.”

P.S. There’s also plenty of quality of life at our partner of the week, SNIEC — for example, at the Shanghai World of Packaging. 📦

📢 Highlights: Japan and Korea saw their biggest drop since April on Tuesday. After months of soaring gains, investors pulled the plug — Wall Street CEOs had warned that the AI euphoria was starting to look dangerously similar to the dot-com bubble.

💹 Stocks in focus: SoftBank plunged 14%, and Samsung also took a heavy hit.

TOP BIT

🔩 Volkswagen builds its own AI chip in China

Blume bets on bytes over burners

Volkswagen is taking action after its weakening performance in China.
The automaker now wants to build not only cars — but also the brains behind them: its own chips.

“By developing the chip here, we’re taking control of a key technology.”

— CEO Oliver Blume in Shanghai

The Details

🇨🇳 Home game, high stakes: China is …

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