Trump said the import tariff rate for Taiwan will be set at 32%. Initially, that looked like bad news for American chip makers like Nvidia, Advanced Micro Devices, and Qualcomm, which are customers of Taiwan Semiconductor Manufacturing Co.

About 90% of the world’s most advanced chips, including the main processors inside mobile phones, AI graphics processing units, and computer chips, are made in Taiwan by TSMC.

Shares of TSMC were down 4.5% in after-hours trading following Trump's announcement. Nvidia was down 3.3%, AMD fell 2.6%, and Qualcomm was off 2.7%.

Then the White House published a fact sheet after Trump’s announcement that said semiconductors would not be subject to that reciprocal tariff.

Nvidia, AMD, and Qualcomm were still all lower in after-hours trading after that fact sheet was published.

By: DocMemory
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