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Kia Corp Suffers \$570 Million U.S. Tariffs Hit in Second Quarter

Kia Corp Suffers \$570 Million U.S. Tariffs Hit in Second Quarter

South Korea's Kia Corp said on Friday that it took a huge hit of 786 billion won ($570 million) in the second quarter of 2025, largely because of U.S. tariffs. The surprise setback helped to send its operating profit down 24% to 2.76 trillion won from

Hyundai Motor Q2 Profit Drops 16% as U.S. Tariffs Hit

Hyundai Motor Q2 Profit Drops 16% as U.S. Tariffs Hit

Hyundai Motor Co. said its second-quarter operating profit fell 16%, blaming the decline on new U.S. tariffs imposed on cars and auto parts. The news marks increasing pressure on world automakers coping with trade tensions and volatile market conditions. The South Korean car behemoth recorded an operating profit of

Jeep Maker Stellantis Warns of a Shock $2.7 Billion Loss as Tariffs Bite

Jeep Maker Stellantis Warns of a Shock $2.7 Billion Loss as Tariffs Bite

Auto behemoth Stellantis, the parent of well-known brands including Jeep, Dodge, Fiat, Chrysler, and Peugeot, has signaled a massive net loss of about 2.3 billion euros ($2.68 billion) during the first half of 2025. The loss comes primarily from the premature financial impact of U.S. tariffs and

Hadrian Raises $260 Million to Transform Defense Manufacturing using AI and Robotics

Hadrian Raises $260 Million to Transform Defense Manufacturing using AI and Robotics

In a significant vote of confidence for the future of U.S. defense infrastructure, defense manufacturing firm Hadrian raised $260 million in a Series C funding round, spearheaded by Peter Thiel's Founders Fund and Lux Capital. The large infusion of funds reflects the increasing investor belief in next-generation

Nvidia CEO Jensen Huang Sees High-End Chip Sales to China as H20 Ban is Removed

Nvidia CEO Jensen Huang Sees High-End Chip Sales to China as H20 Ban is Removed

In a dramatic turn of the evolving U.S.-China tech environment, Nvidia CEO Jensen Huang made the surprise declaration on July 16, 2025, that he wants to sell even higher-end AI chips to China now that the ban on the firm's H20 chip has been eased. Attending

Shares of ASML Fall 6.5% Following Caution That It Can't Assure Expansion in 2026

Shares of ASML Fall 6.5% Following Caution That It Can't Assure Expansion in 2026

ASML, a key figure in the international semiconductor supply chain, watched its stocks plummet by a steep 6.5% after a conservative forecast on its growth prospects in 2026. Even after announcing robust financial performance in the second quarter of 2025, the Dutch technology giant was in doubt regarding its

Nvidia to Resume H20 AI Chip Sales to China Following U.S. Government Assurances

Nvidia to Resume H20 AI Chip Sales to China Following U.S. Government Assurances

In a major boost to the worldwide semiconductor sector, Nvidia said on Tuesday that it is gearing up to restart sales of its H20 AI chips to Chinese buyers. The decision comes amid guarantees from the U.S. government that export permits shall be issued, ending a months-long pause precipitated