President Donal Trump’s administration will impose tariffs on semiconductor imports from companies that have not shifted production to the U.S., Jeff Mason and Kanishka Singh of Reuters reports. “Yeah, I have discussed it with the people here. Chips and semiconductors – we will be putting tariffs on companies that aren’t coming in. We will be putting a tariff very shortly,” Trump told reporters. “We will be putting a very substantial tariff, not that high, but fairly substantial tariff with the understanding that if they come into the country, if they are coming in, building, planning to come in, there will not be a tariff.” Publicly traded companies in the space include AMD (AMD), Intel (INTC), Marvell (MRVL), Microchip (MCHP), Micron (MU), Nvidia (NVDA), Qualcomm (QCOM) and Texas Instruments (TXN).
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AMD:
- ‘Time to Step Aside,’ Analyst Downgrades AMD Stock on Weak AI Momentum
- Nvidia Stock (NVDA) Edges Higher as Top Analysts Reaffirm Buy Ratings and Boost Price Targets
- PLTR, MDB, NVDA, AMD, CRWD: ‘AI Revolution Enters Next Growth Stage,’ Says Wedbush
- AMD Stock Slips Alongside Analyst Updates
- Morning News Wrap-Up: Thursday’s Biggest Stock Market Stories!