Volkswagen Group plans to develop its own advanced semiconductors in China to power its locally made semi-autonomous vehicles, ramping up efforts to regain ground in the world’s largest car market amid heightened competition. The German carmaker on Wednesday said Carizon – a venture it jointly owned with Horizon Robotics, a designer of artificial intelligence integrated circuits – would develop a system-on-a-chip (SoC) that would be delivered in the next three to five years. “We are accelerating...