Volkswagen reportedly plans to develop its first internally designed chip to support advanced driving functions in its cars for the Chinese market. The chip will process data from vehicle cameras and sensors and is expected to achieve roughly 500–700 tera operations per second (TOPS). The German carmaker aims to deliver the chip within three to five years, the company said. Development will be carried out by CARIZON, the joint venture between Volkswagen and China-based Horizon Robotics, Reuters reported ...