UK Watchdog Shuts Down Probes into Apple and Google App Stores 

3D printed logos of Apple and Google are pictured on a keyboard in front of binary code in this illustration taken September 24, 2021. (Reuters)
3D printed logos of Apple and Google are pictured on a keyboard in front of binary code in this illustration taken September 24, 2021. (Reuters)
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UK Watchdog Shuts Down Probes into Apple and Google App Stores 

3D printed logos of Apple and Google are pictured on a keyboard in front of binary code in this illustration taken September 24, 2021. (Reuters)
3D printed logos of Apple and Google are pictured on a keyboard in front of binary code in this illustration taken September 24, 2021. (Reuters)

Britain's competition watchdog has closed its existing investigations into Apple and Google's respective app stores, awaiting new laws governing digital markets.

The tech giants have faced scrutiny around the world over the dominance of their respective App Store and Google Play store platforms, which critics say impose unfair charges on app developers and limit competition.

In 2022, the Competition and Markets Authority (CMA) published a market study of mobile ecosystems in Britain, which found Apple and Google held an effective monopoly over the distribution of apps in Britain.

The body subsequently launched parallel investigations into both companies for alleged anticompetitive behavior.

But in a statement published on Wednesday, the CMA said it had dropped both probes, pending the roll-out of the Digital Markets, Competition and Consumers Act (DMCCA), which is expected to come into force later this year.

"Once the new pro-competition digital markets regime comes into force, we’ll be able to consider applying those new powers to concerns we have already identified through our existing work," said Will Hayter, Executive Director for Digital Markets at the CMA.

A Google spokesperson said its Android operating system had always allowed flexibility and choice not found on other platforms, including multiple app stores.

"We have engaged with the CMA over the course of many months during their investigation. As part of this, we made a number of significant commitments to further broaden the billing options available to developers through Google Play," they said.

Apple did not immediately respond to a request for comment.



Taiwan’s TSMC Building $10 Billion Semiconductor Plant in Germany

Minister-President of the Saxony state Michael Kretschmer, European Commission President Ursula von der Leyen, C.C. Wei, Chairman and CEO of TSMC and German Chancellor Olaf Scholz attend a groundbreaking ceremony for Taiwanese chip maker TSMC's first European plant in the eastern city of Dresden, Germany, August 20, 2024. (Reuters)
Minister-President of the Saxony state Michael Kretschmer, European Commission President Ursula von der Leyen, C.C. Wei, Chairman and CEO of TSMC and German Chancellor Olaf Scholz attend a groundbreaking ceremony for Taiwanese chip maker TSMC's first European plant in the eastern city of Dresden, Germany, August 20, 2024. (Reuters)
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Taiwan’s TSMC Building $10 Billion Semiconductor Plant in Germany

Minister-President of the Saxony state Michael Kretschmer, European Commission President Ursula von der Leyen, C.C. Wei, Chairman and CEO of TSMC and German Chancellor Olaf Scholz attend a groundbreaking ceremony for Taiwanese chip maker TSMC's first European plant in the eastern city of Dresden, Germany, August 20, 2024. (Reuters)
Minister-President of the Saxony state Michael Kretschmer, European Commission President Ursula von der Leyen, C.C. Wei, Chairman and CEO of TSMC and German Chancellor Olaf Scholz attend a groundbreaking ceremony for Taiwanese chip maker TSMC's first European plant in the eastern city of Dresden, Germany, August 20, 2024. (Reuters)

Taiwan Semiconductor Manufacturing Co (TSMC) broke ground in eastern Germany on its first European plant as the continent seeks to safeguard its chip supplies amid growing US-China tensions.

“We are dependent on semiconductors for our sustainable future technologies, but we must not be dependent on other regions of the world for the supply of semiconductors,” said German Chancellor Olaf Scholz, who attended a ceremony on Tuesday to mark the start of construction of the 10 billion euros ($11 billion) manufacturing plant in the city of Dresden. About half of the funding will be covered by state subsidies.

Germany is leading the European Union push to produce one-fifth of the world's semiconductors by 2030, with the bloc seeking to build up capacity following Covid-era disruptions and as US-China ties deteriorate.

The US, Japan and others are also showering subsidies on the chip industry to localize production of the components that control everything from cutting-edge artificial intelligence to daily gadgets.

TSMC is the world's biggest contract chipmaker, with Apple Inc and Nvidia Corp relying on it for their most important products. It will anchor the Dresden project with a 70% stake in the plant, which will produce chips for the automotive and industrial sectors.

TSMC CEO C.C. Wei attended the event together with European Commission President Ursula von der Leyen and the heads of Infineon Technologies AG, NXP Semiconductors NV and Robert Bosch GmbH, which each hold a 10% stake in the venture.

Scholz has emerged as Europe's biggest backer of the semiconductor industry as he seeks to promote Germany's tech sector and secure supplies of critical components for the country's manufacturing businesses.

His government plans to spend 20 billion euros to bolster domestic chip production. That includes the TSMC plant and 10 billion euros in aid for a planned Intel Corp plant in Magdeburg.

The EU approved Germany's 5 billion euros subsidy for the Dresden microchip manufacturing plant, von der Leyen said at the event.

The new site will help Europe reduce its reliance on Asia for importing vital technology and comes after German carmakers expressed interest in boosting domestic chip production. Production is slated to begin by the end of 2027.