Tariffs, Tesla and a Twitter Hack: Top Tech News from July 14–15, 2025
Broadcom canceled plans for a $1 billion microchip plant in Spain, halting talks backed by €12 billion in EU funds. Ericsson reported Q2 2025 operating profit of 7.0 billion kronor, beating forecasts, but warned U.S. tariffs could hit margins and may require production shifts. Tesla opened its first Mumbai showroom, pricing the Model Y at $70,000 due to high import duties. UK police arrested four people linked to a £300 million ransomware attack on major retailers.