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Today's news:

1. According to a report by Yonhap News Agency on the 7th, preliminary statistics released by the Ministry of Trade, Industry and Energy (Ministry of Industry) and the Trade Association of South Korea show that South Korea's automobile exports from January to June this year increased by 3.8% year-on-year to US$37.01 billion, setting a record high for the same period in history.

2. Goldman Sachs raised its economic growth forecast for the UK in 2025 and 2026 by 0.1 percentage points on the 5th, citing a moderate boost to demand growth in the short term.

3. First Financial Daily reports that South Korea's automobile exports in the first half of this year increased by 3.8% year-on-year to US$37.01 billion, setting a record high for the same period in history. By export destination, exports to the United States in the first half of the year increased by 29.8% year-on-year to US$18.45 billion, accounting for 49.9% of total automobile exports.

4. Most of TSMC's customers have agreed to raise foundry prices in exchange for a reliable supply, which will drive TSMC's gross profit margin to further increase. According to analysts' estimates, TSMC's gross profit margin will climb to 55.1% in 2025 and will approach 60% in 2026, reaching 59.3%.

5. On July 5, Elon Musk, founder of Space Exploration Technologies Corporation, said on social media X that the company's new generation of heavy-lift rocket "Starship" will conduct its fifth orbital test flight within 4 weeks.

6. Samsung announced that Galaxy Unpacked is expected to be held in Paris, France on July 10, where the first AI folding machine, the Galaxy Z series, will also be released.

7. By 2025, the total demand for talents in the energy-saving and new energy vehicle industry will be 1.2 million, with a talent gap as high as 1.03 million. As the number of vehicles in use increases, people's demand for and attention to new energy vehicle maintenance services are also gradually increasing.

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Today's Insights: Learn to endure suffering and setbacks

The market impact by Jen-Hsun Huang can set the trend even when eating snacks at the night market, but did you know that he has a lot of hard work behind him? This article reveals the enlightenment of "You can only become a master by enduring hardships" through Huang Renxun. NVIDIA, which specializes in video game graphics cards, has honed its unique skills in efficient chip design, riding on the rocket of artificial intelligence and supercomputers. Its market value has tripled in the past year, exceeding US$3 trillion. The founder Huang Renxun, known as the "Three Trillion Man," started the "Ren Lai Crazy." His words and deeds are enthusiastically sought after, and even what he eats when he goes to the night market can set the trend.

He repeatedly emphasized on different occasions: "Success is the result of hard work, and suffering and setbacks are the process of honing super abilities." He recalled his past of washing toilets and dishes when he was a student. He never complained about others and did these menial tasks well. He vividly recalled that NVIDIA had worked hard and faced the risk of bankruptcy. He said that these personality traits tempered by hardship are the key to his and NVIDIA's success. He even said: "If I want to wish you success, I can simply say that I wish you face more hardships and setbacks." I really appreciate that he still remembers the journey when he reaches the top and is willing to remind young people with sincerity. "There is no such thing as a free lunch." To become a master, you must first endure hardships. Unfortunately, this important reminder has been drowned out by many more eye-catching reports and passed off as a cliché. The younger generation, especially, should absorb and internalize this inspiration.

The bigger the tree, the deeper the roots must be. We often only admire the lush leaves and blooming flowers and fruits of the big branches. In fact, the visible growth that develops upward towards the light relies on invisible roots to break through layers of obstacles in the darkness and grow downward. These roots can absorb enough water and nutrients to support the growth and height of the tree trunks, branches, leaves, flowers, and fruits. In particular, they must be able to hold on and endure in adverse circumstances such as strong winds, heavy rains, droughts, and floods, to finally achieve success.

about author - daniel

About Author - Cartney Piers

With extensive experience in the power tools industry, and her expertise in power tools import and export, combined with a strong business background, ensures our readers receive knowledgeable and timely news. Efficient and smart, Cartney excels in delivering high-quality content that resonates with B2B wholesalers and importers. Outside of writing, she enjoys exploring new technologies and staying ahead of industry trends.

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