The iPhone manufacturer is apparently also rowing back when it comes to design. Also: Electric cars from Vietnam are pushing onto the US market and the next Theranos manager is awaiting his sentence.
Good morning! While you slept, work continued elsewhere in the digital scene.
The top topics:
Apple is delaying the launch of its self-driving electric cars. Last year, “Bloomberg” reported that Apple wanted to bring the first autonomous electric car onto the market as early as 2025. Now that has been pushed back to 2026. There should also be deviations in the design, for example the car will have pedals and a steering wheel, contrary to what was planned.
At the same time, Apple CEO Tim Cook confirmed at an event in Arizona on Tuesday that the iPhone maker will buy US-made microchips for its products in the future. The chip factories are owned by the Taiwan Semiconductor Manufacturing Company (TSMC) and are operated by the Taiwanese company, the largest chip maker with over half of the global market share. US President Joe Biden was also there on Tuesday. TSMC is currently planning a second factory in the US and aims to increase investments in the country to US$40 billion. [Mehr bei Bloomberg, Handelsblatt, CNBC und Wall Street Journal]
on Founder scene: Only eleven months after the first million-euro financing, the Berlin start-up gets the deal Ostrom another injection of capital. The founders have developed a model that customers can use to buy green electricity on favorable and flexible terms. With success: With the currently high energy prices, the start-up is experiencing high demand. [Mehr bei Gründerszene]
And here are the other headlines of the night:
Vinfast, an electric car maker backed by Vietnam’s richest man, has filed for an IPO in the US. The company plans to deliver its first SUVs to customers in California later this month. The entity, founded by Pham Nhat Vuong, is part of the conglomerate Vingroup JSC. The shares trade on the Nasdaq Global Select Market under the symbol VFS. [Mehr bei Bloomberg, Techcrunch und Reuters]
TheranosManager Ramesh “Sunny” Balwani will learn today, Wednesday, how long he has to go to jail following the fraud scandal involving the now-bankrupt blood testing company. Balwani, who was thought to be number two at Theranos, could face a longer prison sentence than his ex-boss Elizabeth Holmes, who faces more than 11 years in prison. [Mehr bei Wall Street Journal]
Pinterest announced Tuesday that it had hired Marc Steinberg, senior portfolio manager of Elliott Investment Management, has appointed to its Board of Directors. In August, it was revealed that the activist investment fund is the digital scrapbooking company’s largest shareholder. Pinterest stock is down about 38 percent this year, less than stock Snap or Meta. In addition, the company continues to report increases in sales, even though it was announced yesterday that some employees will be laid off from the recruitment team and that hiring will be slowed down for the rest of the year. [Mehr bei Reuters und The Information]
Meta could get problems in the European Union (EU). The EU could ban the Facebook and Instagram operator from requiring user consent for personalized advertising. It was also announced that Meta employees should no longer discuss sensitive topics such as abortion, gun control, new laws and the effectiveness of vaccines at work. [Mehr bei Wall Street Journal, Fortune und Techcrunch]
Adobe According to a media report, around 100 jobs have been cut. Some of the employees who lost their jobs were given the opportunity to find other jobs at the software company. Adobe’s downsizing is significantly lower than that of other tech companies, including Amazon, HP, Cisco and Meta. The Californian company employed almost 29,000 people at the beginning of September. [Mehr bei Bloomberg]
Our reading tip on the start-up scene: Tesla sees its reputation through the charging station provider Wirelane damaged – and warns the startup. The founder Constantine Schwab launches a counterattack. [Mehr bei Gründerszene]
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