‘SAP plans to slash 3000 jobs as it looks to sell Qualtrics’
The software giant is the latest big tech player to announce major job cuts in 2023.
German software vendor SAP announced it plans to cut 3,000 jobs, or 2.5 percent of its global workforce, according to reporting by Reuters. The company also told reporters that it plans to explore the sale of it... Read more
German competition office initiates proceeding against PayPal
The German Federal Cartel Office (FCO) announced that it has initiated a proceeding against PayPal Europe on account of practices possibly suppressing competitors and restricting price competition.
Specifically, the proceeding deals with PayPal’s 'rules about surcharging' and the “presentati... Read more
‘TSMC considers Germany for its first European chip plant’
TSMC is considering the construction of its first European chip manufacturing factory, which bodes well for the prospective host country, Germany.
TSMC CEO Wei stated that the business is engaging with European customers and partners to examine the prospect of developing a fabrication site durin... Read more
Visma enters German software market
Visma took its first steps into the German market with the acquisitions of software companies H&H and BuchhaltungsButler.
Visma is the parent company of more than 170 organizations in Europe and South America. The group specializes in business software, including ERP solutions for accounting... Read more
German antitrust authority cites Google for data processing violation
Germany's antitrust regulator, the so-called Bundeskartellamt, announced that it has issued objections against Google's data processing terms, ordering the tech giant to move to comply with national antitrust laws.
The agency said that "the new provisions for large digital companies (Section 19a... Read more
Infineon CEO says they are ready to spend billions on acquisitions
The company's chief executive says they have targeted several areas for expansion.
German chipmaker Infineon is ready to spend several billion euros on the right takeover target, according to a report in Reuters. In speaking with the Frankfurter Allgemeiner Zeitung (FAZ), Infineon's chief execut... Read more
‘Germany increasingly relies on Huawei for 5G despite security fears’
A survey suggests that Germany has become more dependent on Huawei for its 5G radio access network equipment (RAN) than it was for its 4G network, despite rising concerns over Chinese influence on critical infrastructure.
In response to significant pressure from the US, many European nations hav... Read more
Makro’s parent company expects cyberattack to cost millions in profit
Makro parent METRO remains occupied with the aftermath of October's cyberattack. The company expects a €40 million to €70 million profit loss as a result of the incident.
German wholesale chain METRO was hit by a cyberattack in October. Several IT systems failed in the process. In a recent ... Read more
Germany wants to become the largest semiconductor producer in Europe
German Chancellor Olaf Scholz asserted that Germany could become the EU's largest producer of semiconductors at a recent summit. He attributed his statement to the significant investments made in the industry as of late.
Scholz, who emphasized that Germany is working hard to increase semiconduct... Read more
Germany declines to issue broad ban on Huawei
Olaf Scholz's government resists US pressure to completely ban all products from the Chinese company.
This week, Reuters reported that Germany does not want to follow the United States in generally banning products made by Chinese telecom equipment makers such as Huawei. Instead, a German Econom... Read more