this post was submitted on 28 Jan 2025
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Trump to tariff chips made in Taiwan, targeting TSMC (www.pcmag.com)
submitted 3 days ago by [email protected] to c/[email protected]
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cross-posted from: https://lemm.ee/post/53880308

Summary

Trump plans to impose tariffs of up to 100% on semiconductors manufactured in Taiwan, aiming to push U.S. tech companies like Apple, Nvidia, and AMD to produce chips domestically.

The tariffs target Taiwan's TSMC, a key supplier, despite its partial U.S. production in Arizona.

Trump criticized Biden’s CHIPS Act for funding companies like Intel and proposed tariffs as an alternative incentive.

Experts warn the move could raise prices for electronics as most TSMC chips are assembled in Asia before export to the U.S.

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[–] [email protected] 5 points 3 days ago

I truly doubt Trump's bid to jumpstart US manufacturing will actually achieve much of anything. US Financial Capital is the driving force of the economy, and we are far behind peers like China when it comes to industrialization. All this appears to be doing is sharpening the contradictions at play.