Hanwha

Trump administration officials have revealed they are working closely with foreign investors to identify gaps in the US manufacturing supply chain and help small and medium-sized enterprises scale up, amid a surge in foreign investment. During a visit to a Philadelphia shipyard acquired by South Korea's Hanwha Group, Assistant Treasury Secretary Pilkerton and Small Business Administration Administrator Loeffler noted that while import tariffs and deregulation are driving foreign investment, reliable access to parts is essential. Pilkerton said a pilot strategic vendor program aimed at strengthening domestic supply chains has been launched, and Loeffler stated that the Small Business Administration provided about 3 billion dollars to manufacturers in 2025. Hanwha Philly Shipyard CEO Kim announced plans to invest 5 billion dollars over the next few years and increase employment from the current roughly 2,000 to 10,000.

Ambarella shares rallied 16.1% in the last trading session to close at $86 on higher-than-usual volume. The surge was driven by strong momentum in the company's Edge AI business and record automotive revenues in the first quarter of fiscal 2027, along with a newly announced long-term agreement with Hanwha that could generate more than $800 million in revenue over a period exceeding 10 years. The stock currently carries a Zacks Rank #3 (Hold).

JPMorgan Chase CEO Jamie Dimon has announced a $24 million initiative to rejuvenate the American shipbuilding industry. The package includes $18 million in loans and $6 million in grants to support Rhoads Industries' construction of a new submarine manufacturing facility at the Philadelphia Navy Yard, expand lending to maritime-related small businesses, and strengthen the region's supply chain. Dimon told CNBC that the arsenal of democracy has been reignited, highlighting the participation of South Korean conglomerate Hanwha Group in shipbuilding operations at the yard. The move is part of JPMorgan's $1.5 trillion 10-year Security and Resiliency Initiative launched in 2025. The announcement coincides with President Donald Trump unveiling nearly $10 billion in new defense investments in Pennsylvania, including a $2.5 billion agreement between Rhoades Industries and General Dynamics to support Navy submarine construction.

JPMorgan Chase CEO Jamie Dimon announced a $24 million effort to help revive American shipbuilding, part of the bank's $1.5 trillion security project aimed at bolstering industries critical to U.S. economic and national security. The figure includes $18 million in loans and $6 million in grants to finance a new submarine manufacturing facility at the Philadelphia Navy Yard being built by Rhoads Industries, expand lending to maritime-related small businesses, and strengthen regional suppliers. Dimon said the arsenal of democracy has been reignited, citing Hanwha shipbuilding at the Philadelphia Navy Yard. The announcement comes as rising geopolitical tensions spur governments to rearm and reinvest in domestic industrial capacity.

Hanwha Power has successfully commissioned its first Fuel Gas Compressors in the U.S. at the 950MW Trumbull Energy Center combined cycle gas turbine power plant in Ohio. The company supplied three units featuring Variable Frequency Drive technology designed to handle seasonal pipeline pressure fluctuations in the PJM grid. Hanwha Power also secured a 9-year Long-Term Service Agreement covering capital spare parts and maintenance through three major overhaul cycles, with its Houston service center serving as the primary hub for on-site support and component refurbishment. The plant, developed to replace retired coal-fired capacity, is expected to be a critical asset in the PJM wholesale electricity market. Hanwha Power plans to expand its service business and supply of high-efficiency power generation solutions across North America.

Chrysalis Renewables, a platform backed by infrastructure manager Morrison, has acquired the Atlas V and Atlas VI solar projects in Arizona, marking the first transaction under its strategic partnership with Hanwha Renewables. The two projects have a combined capacity of approximately 357MWdc and are in the final stages of commissioning, forming the first two stages of the multi-phase Atlas Energy Park development in La Paz, Arizona. The acquisition increases Chrysalis' generation capacity to about 700MW and expands its regional footprint. The projects are contracted under 15-year power purchase agreements with Southern California Edison and feature domestically produced solar modules supplied by Hanwha Group subsidiary Qcells. Under the partnership, Chrysalis will initially target more than 3.5GW of solar and battery energy storage system deployment in North America, with potential future expansion to Japan, Australia, and Italy.