Overview

• President Trump formalized plans for roughly 100% tariffs on imported semiconductors and tied exemptions to U.S. manufacturing commitments.
• Apple increased its planned U.S. investment from $500 billion to $600 billion to qualify for the tariff exemption.
• TSMC secured exemption under the scheme thanks to its existing American factories and a prior $100 billion investment pledge.
• Shares of major Asian suppliers like TSMC, Samsung Electronics and SK Hynix rose after companies moved to adapt supply chains to the new policy.
• Analysts warn smaller chipmakers without the capital to scale U.S. production could be destabilized, potentially benefiting Chinese competitors and raising cybersecurity risks.