The U.S. is imposing a 25% tariff on imports of certain advanced semiconductors, including the H200 artificial intelligence processors made by Nvidia (NVDA) in Taiwan, Bloomberg’s Josh Wingrove reports. The tariff applies to a narrow category of semiconductors, with an exception for those imported to support the buildout of the US technology supply chain. President Donald Trump has directed officials to pursue negotiations on imports and report back in 90 days, and may announce new tariffs and an offset program to incentivize domestic manufacturing in the near future. “It’s not the highest level, but it’s a very good level. And China wants them, and other people want them, and we’re going to be making 25% of the sale of those chips, basically,” Trump told reporters Wednesday during a signing ceremony.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NVDA:
- OpenAI Bets $10 Billion on Cerebras Chips in Shift Away From Nvidia (NVDA)
- TSM Earnings: TSMC Smashes Q4 Estimates as AI Chip Demand Soars
- China Is Setting Rules to Limit Nvidia’s H200 Chip Purchases
- TSMC Is Set to Report Q4 Earnings Today. Here Is What the Street Expects
- TSM Stock Near Record Highs—Is It Still a Buy Ahead of Q4 Earnings?