Apple will source some of its chips from one of Samsung’s U.S. fabs in Texas.
President Donald Trump, standing alongside Apple CEO Tim Cook in the Oval Office yesterday, announced a whopping 100% tariff on chips imported into the U.S. Some companies are getting an exemption because they have invested in the United States. For example, Apple is exempted, and while in the presence of the president, Cook confirmed that Apple will spend the additional $100 billion that Trump said yesterday it would to improve the tech giant’s domestic manufacturing.
The president added that companies that announce their intentions to invest in domestic manufacturing will be exempted from paying the chip tariff. However, there will be a separate import tax placed on devices that contain semiconductors, such as smartphones, automobiles, and tablets that are shipped into the U.S. Chip manufacturers that have made huge investments in the U.S. appear to be exempted as well. Taiwan’s National Development Council Minister, Liu Chin-ching, said today that TSMC will be exempted from the 100% tariff on chips.
Yeo Han-koo, South Korea’s Trade Minister, stated that chips imported into the U.S.made by Samsung Electronics and SK Hynix also will not be hit by the 100% U.
