- Trump Administration is imposing 100 % taxes on semiconductor
- However TSMC seems to be exempt
- This news is with Apple’s investment of $ 100 billion in US manufacturing
Trump’s presidency has been emphasized only by the dangers of permanent but tensions on all trade partners and industries.
There will be an exception for firms built in the United States at prices, or have committed to do so, Reuters Reports, perhaps clearly seeing the ambitions of tech manufacturing and development in the president’s homeland.
As many other Trump projects, these rates have not yet been eliminated, and their parameters are unclear. Although it is clear, despite the US limited chipmaking capabilities, commercial partners have a continuous priority for US firms.
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An important question is how TSMC will be affected – because the world’s largest chip maker is based in Taiwan.
Since TSMC has a factory in the United States, it has to get a tariff discount, from the news that has led to a 5 % increase in firm’s stock prices.
It is said that two major South Korean firms, Samsung and SK Hanks have also been exempted, South Korea has taken advantage of favorable trade agreements between Washington and Seoul.
Apple has also been apparently exempt, as the tariff announcement comes with the news that the Tech Dev will invest $ 100 billion in the US market.
The move has brought Apple’s total pledge to $ 600 billion, following the previous $ 500 billion investment and hiring 20,000 US workers over the next four years.
President Trump told the press, “Companies like Apple are coming home. They are all coming home.”
“Billion 600 billion, it’s the largest.” “The company is also exposing its new US new manufacturing program that will bring factories and assembly lines across our country,” he added.
