Overview

• The White House confirmed that Apple, TSMC, NVIDIA, Samsung and SK hynix will not face the 100% semiconductor tariff after they pledged to expand U.S. chip manufacturing.
• TSMC’s shares jumped nearly 5% to a record NT$1,180 and the Taiwan dollar rose about 0.9% against the U.S. dollar on the exemption news.
• Apple committed an additional $100 billion to U.S. semiconductor projects, raising its total domestic investment to over $600 billion.
• Samsung’s and SK hynix’s pledges of $45 billion and $3.87 billion respectively secured tariff exemptions for U.S. fabrication, packaging and R&D facilities.
• Administration officials view the framework as a tool to accelerate onshoring and bolster domestic production in light of global supply chain pressures.