Trump says he’ll announce semiconductor and chip tariffs
President Trump told CNBC he plans to announce semiconductor and chip tariffs as soon as next week, though details remain undecided. The move could unsettle U.S. hardware and AI companies even as the CHIPs Act has poured billions into domestic production. Intel and TSMC have snagged funding, but new fabs are still years away. The tariff news comes alongside the administration’s broader review of AI chip export rules, following the rescission of Biden-era restrictions and the rollout of an AI Action Plan.
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