Latest news with #chipimports
Tahawul Tech
a day ago
- Business
- Tahawul Tech
Trump threatens 100% tariff on chip imports
US President Donald Trump has expressed his intent to place an 100 per cent tariff on chip imports, but companies making or planning to make chips in America would be exempt. Bloomberg noted President Trump clarified the broad initial threat, saying if a company is building in the US or had committed to, 'there will be no charge'. The president did not provide details on how much local manufacturing is required to qualify for an exemption. Apple will be exempt after agreeing to invest another $100 billion to increase manufacturing in the US, as will the many chipmakers recently investing in domestic production. South Korea's trade envoy Yeo Han-koo told Reuters Samsung Electronics and SK Hynix would not be subject to the proposed 100 per cent tariffs. Samsung earmarked more than $40 billion to expand its chip manufacturing capabilities in the US state of Texas with government support of $4.6 billion, while SK Hynix scored $950 million in subsidies and loans for an AI silicon facility which adds to a planned investment of $3.8 billion in the state of Indiana. Taiwan Semiconductor Manufacturing Company, a contract chipmaker and major supplier for Apple and Nvidia, also invested heavily in the US and would also be exempt. Smaller Japanese chipmakers including Renesas Electronics and Sony's chip unit would likely be subject to any hike in duties. QF Research suggested on a post on X the likely outcome would be set semiconductor tariffs, possibly with grace periods, 'but nothing close to 100 per cent for critical components and countries'. Source: Mobile World Live Image Credit: Stock Image
Bloomberg
5 days ago
- Business
- Bloomberg
Investors Unfazed by Trump's 100% Semiconductor Tariff Threat
US President Donald Trump's threat to impose a 100% tariff on chip imports left analysts puzzled and shares little changed as the industry tried to work out which companies that make and design semiconductors could be hit. Trump said in a meeting at the Oval Office this week that the tariff would apply to companies unless they had 'committed to build' in the US. He named Apple Inc., which had just announced a new $100 billion domestic manufacturing plan, as an example. The biggest chipmakers have largely committed to US production projects or seem to be covered by other trade agreements, making it unclear how wide-reaching the levies would be.
Wall Street Journal
5 days ago
- Business
- Wall Street Journal
Video: Trump Exempts Tech Firms That Invest in U.S. From 100% Chip Tariffs
President Trump said late Wednesday he would impose roughly 100% tariffs on chip imports, but exempt tech companies that have promised to manufacture in the U.S., in a big win for Apple.
Bloomberg
6 days ago
- Business
- Bloomberg
US Futures Climb After Trump Floats Chip Tariffs: Markets Wrap
US futures climbed and Asian equity futures were mixed after President Donald Trump warned he may impose a 100% tariff on chip imports. Contracts for the S&P 500 and Nasdaq 100 rose early Thursday in Asia, erasing brief losses in a sign traders were left scrambling to identify which US companies may be affected. In post-market trading Wednesday, shares in Nvidia Corp and Apple Inc rose while those for Broadcom Inc fell. Equity index futures for Japan and Australia dropped with those for Hong Kong advancing.
