"The Trump administration plans to exempt certain companies from upcoming tariffs on advanced semiconductors. The exemptions are tied to Taiwan Semiconductor Manufacturing Co.'s ( NYSE: TSM) $165 billion investment in U.S. factories, and the goal is to protect the AI data center buildout from rising costs while pressuring manufacturers to shift production to the United States. Tariff exemptions are reshaping competitive dynamics in Big Tech's semiconductor supply chain."
"Qualcomm ( NASDAQ: QCOM) faces headwinds that temper tariff exemption benefits. Q1 FY26 revenue hit $12.30 billion, up 5% year-over-year, with QCT segment revenue of $10.61 billion and Automotive revenue reaching $1.10 billion, up 15%. Memory supply constraints are crimping handset outlook. Shares fell 21.85% over the past month and trade 18.78% below year-end 2025 levels. RSI at 26.28 as of February 9, 2026, signals deeply oversold conditions."
Tariff exemptions tied to TSMC's $165 billion U.S. investment aim to shield AI data center buildout from rising costs while incentivizing manufacturers to shift production stateside. Exemptions will reshape competitive dynamics across Big Tech's semiconductor supply chain, advantaging six companies that already dominate AI infrastructure, data centers, and U.S. manufacturing footprints. Qualcomm faces limited upside from exemptions due to memory supply constraints, declining earnings, and margin pressure despite revenue growth and oversold stock indicators. Apple benefits but remains highly sensitive to manufacturing concentration and component tariff exposure, given concentrated iPhone production and significant services and installed-base revenue contributions.
Read at 24/7 Wall St.
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