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The appointments come days after Infineon took a hefty provision for a 3.35-billion-euro claim by Qimonda, its former memory-chip unit that went under in 2009. Asam’s seven-year tenure at Infineon has coincided with a period of outperformance by the Munich-based maker of high-performance power management chips used in the auto industry. In a sector notorious for boom-and-bust cycles, Infineon is seeking to position itself as a play on electric vehicles pioneered by Tesla and now by German carmakers like Volkswagen.

BEIJING (Reuters) - U.S, chipmaker Nvidia Corp (NVDA.O) has signed separate deals with Chinese electric vehicle startups XPeng Motors, Singulato Motors and SF Motors to develop autonomous driving technology, Chief Executive Jensen Huang said on Wednesday, Huang, speaking at an event in the eastern Chinese city of Suzhou, said XPeng and Singulato will use Nvidia’s artificial intelligence (AI) driving chip Xavier and its computing platform to develop hardware for autonomous driving, a strategic hugo boss cufflinks technology area in which China’s leaders want to compete globally..

The companies separately said they will work on a series of projects from data collection to machine learning. XPeng, in a statement, said it plans to implement level 3 intelligent driving features in its vehicles starting in 2020 using customized software and hardware developed with Nvidia and Huizhou Desay SV Automotive Co Ltd (002920.SZ). Level 3 in autonomous driving technology refers to drivers being able to turn their attention away from driving tasks but still requires them to respond immediately in some scenarios.

Singulato said it will use Nvidia’s Xavier platform to develop level hugo boss cufflinks 3 self-driving systems and eventually upgrade to level 4, in which vehicles are able to drive completely autonomously in most, but not all, conditions, SF Motors, based in Silicon Valley in the United States, said it plans to launch its first electric crossover vehicle next year, and will develop its next-generation autonomous platform using Xavier, Xavier is an artificial intelligence computing system-on-chip released by Nvidia earlier this year, Automakers using the chip can add specific software to adapt their vehicles to local traffic and infrastructure situations, Nvidia said..

STOCKHOLM (Reuters) - IKEA Group, the owner of most IKEA furniture stores worldwide, plans to cut 7,500 jobs over the next couple of years, mainly administrative staff in central support functions, it said on Wednesday. At the same time, the group, which owns 367 IKEA stores, estimates it will create 11,500 new jobs in the period as it expands with new store formats and online, grows its service offering and invests in digital capabilities, it said in a statement. IKEA is in a period of transformation where it is boosting its digital, delivery and other services and testing new more accessible store formats in a fast-changing retail and consumer landscape.

The expected redundancies amount to almost five percent of the company’s current workforce, “We need to simplify the way we are organized, Over the last years ., we have invested in resources in many different ways, And, to be honest, now we see that in several parts of our organization we have a bit of duplicate work,” Chief Executive Jesper Brodin told Reuters, Brodin said expected redundancies were related hugo boss cufflinks to central functions and global service offices in particular, but also local service offices across markets..

PARIS (Reuters) - French finance minister Bruno Le Maire will hold a briefing on Wednesday to discuss the situation with Renault, said a spokesman for the French economy ministry, with Renault boss Carlos Ghosn still in custody in Japan. The spokesman added that Le Maire had already been in contact with Renault’s acting deputy chief executive Thierry Bollore and interim chairman Philippe Lagayette, with the Renault-Nissan alliance hit by Ghosn’s arrest in Tokyo at the start of this week.

PARIS (Reuters) - French Finance Minister Bruno Le Maire said on Wednesday France hugo boss cufflinks and Japan were keen to pursue the consolidation of the alliance between Renault and Nissan, Le Maire said he had yet to see evidence to support Nissan’s allegations of wrongdoing by Renault-Nissan boss Carlos Ghosn, adding that he would hold further talks on the matter with his Japanese counterpart on Thursday, “At this stage, we do not have any evidence to support the accusations against Mr Carlos Ghosn,” Le Maire told reporters, “I would like to emphasize the Renault board’s request that Nissan share all the evidence available to it.”..

 

 
 
 

 

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