Tariffs, Tesla and a Twitter Hack: Top Tech News from July 14–15, 2025
Broadcom scrapped plans to invest in a Spain microchip factory valued at up to $1 billion, derailing talks backed by €12 billion in EU recovery funds. Ericsson posted Q2 2025 adjusted operating profit of 7.0 billion kronor, beating a 6.1 billion forecast, but warned US tariffs could squeeze margins and may force production shifts. Tesla opened its first showroom in Mumbai, India, with the Model Y priced around ₹5.8 million ($70,000) due to a near-100% import duty, and a second showroom is planned for Delhi. Global EV sales rose 24% year-on-year in June, with China up 28% and Europe up