China Parts Suppliers Are Wary of Carmakers' Bill Payment Pledge

Chinese carmakers' pledge to make timely bill payments — an effort to appease officials' growing scrutiny of a long-running price war — has left many suppliers skeptical about how readily they'll follow through on their promises.
After meeting with regulators in early June about the need for better self-regulation, the industry's biggest names including BYD Co. and Zhejiang Geely Holding Group Co. said they'll pay suppliers within 60 days. While that represents a shift toward global industry norms, it's a major change for some carmakers, including BYD, whose payment cycles can stretch to hundreds of days.

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Entrepreneur

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• Entrepreneur

Campus Fund Launches USD 100 Mn Fund to Back Student Led Startups

Fund III plans to support up to 60 startups over the next four years, with initial investments ranging from INR 1 crore to INR 8 crore. Half of the fund is reserved for follow-on investments. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Campus Fund, a venture capital firm dedicated to student and dropout-led startups, has announced its largest fund to date—USD 100 million third fund. The firm has already secured more than half of the capital in its first close and has begun deploying funds, with two investments already finalised. Founded by Richa Bajpai in 2020 as a thesis project at London Business School, Campus Fund exclusively supports founders who are currently in university, have dropped out, or graduated within the last three years. Registered as a Sebi Category II Alternative Investment Fund (AIF), it evaluates over 7,000 startups annually through a network of more than 100 student scouts. "This is a full-circle moment for me," said Bajpai, who also co-founded Goodera. "My entrepreneurial journey started in my final year of engineering. To now back students chasing bold ideas, that's the most meaningful chapter of my career." Fund III will support up to 60 startups over the next four years, with initial investments ranging from INR 1 crore to INR 8 crore. Half of the fund is reserved for follow-on investments. Campus Fund's portfolio includes notable startups such as Digantara (space situational awareness), Sama (online dispute resolution), EtherealX (reusable rockets), and GreenGrahi (insect protein). Many have attracted follow-on capital from top firms like Accel, Peak XV Partners, Andreessen Horowitz, AlphaWave, and DST Global. The new fund is backed by a mix of family offices, institutions, and prominent individual investors, including 360 One. Notable limited partners include Kanwaljit Singh (Fireside Ventures), Bharat Shah (HDFC Bank co-founder), Asha Jadeja Motwani, Jaimin Bhatt, and Sameen Farooqui. Campus Fund continues to strengthen its position as a key catalyst for young founders shaping the future.

Yahoo

an hour ago

• Yahoo

2 No-Brainer Artificial Intelligence (AI) Stocks to Buy on the Dip

Tech stocks have soared in recent weeks, but some still offer good value. ASML should capitalize on growth in AI as it's the only maker of EUV lithography equipment. AMD is building momentum in the data center and beyond. 10 stocks we like better than Advanced Micro Devices › After falling into a bear market just a couple of months ago, the Nasdaq Composite is back to flirting with all-time highs as concerns over a trade war have been tamped down and fears about a recession have faded against solid earnings reports and macroeconomic data. The recovery in the Nasdaq has been led by artificial intelligence (AI) stocks like Nvidia that are also hovering near all-time highs again, but not every tech stock is in that position. Let's take a look at two AI stocks that are trading at a discount to previous levels right now that are worth buying on the dip. ASML (NASDAQ: ASML) has one of the biggest competitive advantages in the whole tech industry. The company is the only maker of extreme ultraviolet (EUV) lithography equipment in the world. Chip manufacturers like Taiwan Semiconductor Manufacturing, Samsung, and Intel rely on ASML's equipment to make the most advanced chips on the market. Given there is a boom in AI right now, you might think that would make the stock a big winner, but ASML stock is actually down over the last year (off 26%) as the semiconductor equipment industry has been in a down cycle, and ASML has seen a slowdown in demand from China. Last October, the company cut its 2025 guidance from a range of 30 billion to 40 billion euros to a range of 30 billion to 35 billion euros due to weakness in markets outside of AI and for delayed orders, as the business is more than just EUVs. However, regardless of that recent weakness, ASML still looks like a good bet for long-term growth thanks to its position as the lone maker of EUV equipment and due to the growth in the semiconductor industry. The company only sells about 100 machines each quarter, so its business is naturally lumpy, but it's still growing. In the first quarter, it reported 46% top-line year-over-year growth to 7.74 billion euros. ASML is targeting 44 billion to 60 billion euros in revenue in 2030 with a gross margin of 56% to 60%, up from a target of 51% to 53% this year. If ASML can hit that target, the stock looks like an easy winner, trading at a price-to-earnings ratio of 30 currently. Another chip stock also looks like a prime candidate to buy on the dip. Advanced Micro Devices (NASDAQ: AMD) stock is down roughly 40% from its peak last year. Like ASML, AMD has begun to bounce off its earlier lows as the company is building momentum in AI and beyond. It's also benefited from the perception that it's the strongest alternative to Nvidia in the data center GPU market. In the first quarter, AMD reported revenue growth of 36% to $7.44 billion, driven by a 57% jump in the data center business to $3.7 billion in revenue, which management attributed to growth in its Epyc CPU and Instinct GPU chips. Its client segment, focused on PCs, reported 68% growth to $2.3 billion, showing it's taking market share from rival Intel and seeing strong demand for its Zen 5 Ryzen processors. That momentum and the massive demand connected to AI should favor AMD. The company is also making several acquisitions to boost its position in AI and beyond, including its recent acquisition of ZT Systems, a maker of servers, helping AMD vertically integrate downstream, though it sold off the manufacturing business, choosing to retain the design and customer service teams and benefit from ZT's expertise in rack-scale solutions. It's also acquired some AI start-ups. AMD now trades at a forward P/E of 33 based on adjusted EPS estimates, and the company looks poised for long-term growth in AI and other areas in the chip industry, thanks to its broad range of components, growth momentum, and recent acquisitions. After a long slide, AMD looks ready for a recovery. Before you buy stock in Advanced Micro Devices, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Advanced Micro Devices wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $659,171!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $891,722!* Now, it's worth noting Stock Advisor's total average return is 995% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 9, 2025 Jeremy Bowman has positions in ASML, Advanced Micro Devices, and Taiwan Semiconductor Manufacturing. The Motley Fool has positions in and recommends ASML, Advanced Micro Devices, Intel, and Taiwan Semiconductor Manufacturing. The Motley Fool recommends the following options: short August 2025 $24 calls on Intel. The Motley Fool has a disclosure policy. 2 No-Brainer Artificial Intelligence (AI) Stocks to Buy on the Dip was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

New York Times

2 hours ago

• New York Times

War, Inflation and Now Drought Are Hitting Global Food Supplies

War, tariffs and inflation are not the only things driving up the price of food. Widespread drought is also looming over what people around the world eat. In Brazil, parched coffee farms have affected latte prices everywhere. In the Midwestern United States, years of poor rains have led ranchers to cull cattle herds and have raised beef prices to their highest levels ever. In China, one of the nation's key wheat-producing regions, the Yellow River Basin, is withering under unusually hot, dry conditions. Germany had its driest spring since 1931, though rains in recent weeks have allayed concerns about its wheat and barley crops. Ukraine and Russia, rivals on the battlefield, are also facing the threat of drought for their wheat crops. Both countries are breadbaskets for millions of people far and wide. Morocco, for instance, now in its sixth year of drought, has relied increasingly on wheat imports from Russia. Conflicts in Gaza and Yemen, in addition to Ukraine, have also disrupted the food supply chain, including by increasing the costs of shipping. Now there's new conflict between Israel and Iran. Droughts are part of the natural weather cycle but are exacerbated in many parts of the world by the burning of fossil fuels, which is warming the world and exacerbating extreme weather. Droughts can be particularly risky as the production of important foods becomes increasingly concentrated. For example, much of the world's coffee comes from Brazil, cacao from Ivory Coast and Ghana in West Africa, and corn from Brazil, China and the American Midwest. Want all of The Times? Subscribe.