The US government has announced a 100 percent tariff on imported chips while offering exemptions for companies that commit to US manufacturing. Apple has pledged an additional $100 billion to US manufacturing, boosting its total commitment to $600 billion over four years. This tariff aims to reduce reliance on foreign suppliers and encourage domestic production. Companies like TSMC and Nvidia, already investing in US facilities, appear to be exempt from these tariffs. The administration warns that any unmet production commitments will incur retroactive tariffs.
President Trump announced a 100 percent import tariff on chips but companies manufacturing in the US can qualify for exemptions. Companies not fulfilling production promises will face full tariffs retroactively.
Apple CEO Tim Cook announced that Apple is committing an additional $100 billion to US manufacturing, following a $500 billion investment plan over four years, which aligns with strategic goals.
The tariff measure aims to bring industrial production back to the US and reduce dependence on foreign suppliers, affecting the semiconductor and pharmaceutical industries.
Major chip manufacturers like TSMC and Nvidia, which are investing in US production facilities, are likely to be exempt from the proposed 100 percent tariffs.
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