Trump to impose tariffs on semis from firms not moving to U.S., Reuters says

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).

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