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Trump to tariff chips made in Taiwan, targeting TSMC (www.pcmag.com)

submitted 2 days ago by schizoidman@lemm.ee to c/technology

9 comments fedilink hide all child comments

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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[–] Jobe@feddit.org 38 points 2 days ago

I thought "conservatives" couldn't invent a worse economic idea after "If the rich have more money, surely some of it will end up with the poor at some point", but here is "Just make everything more expensive so it becomes cheaper". Wow. It's almost impressive at this point.