The announcement of these tariffs has sent shockwaves through the business world - especially for companies like the Taiwan-based AI chipmaker Nvidia, which declared last month that it's 'building the largest [superchip] production facility on the planet' with the Chinese electronics firm Foxconn in Guadalajara, Mexico. Applied to any of Nvidia's graphics processing units (GPUs) shipped to the US from the Mexico plant, these tariffs stand to make the chips used to run AI even more expensive - and that's when they already cost tens of thousands of dollars apiece.
The AI business is red-hot in hype, but it's long struggled to make money - though its execs insist that building epic new data centers will clear a path for enormous profits. Further complicating matters is that the island nation of Taiwan, which manufactures the vast majority of the world's super chip, is technically exempt from the tariff proposal as it stands now. During a pre-election interview with the anti-scientific pundit Joe Rogan, however, Trump suggested it shouldn't be that way.
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