How did President Trump's semiconductor tariff exemption impact Apple?

Apple's stock rose 3.3% after the company announced it would invest an additional $100 billion in the U.S., helping it sidestep potential tariffs on iPhones.

What was the reaction of U.S. chipmakers to Trump's tariff announcement?

U.S. chipmakers like Advanced Micro Devices, Intel, and Nvidia saw their stocks climb between 1.1% and 2.5% as the threat of steep tariffs was lifted.

How did the news affect TSMC, the Taiwanese chip contract manufacturer?

TSMC, which makes chips for many U.S. companies but has factories located in the U.S., was seemingly exempted from the 100% tariff. Investors remain keen to buy TSMC shares on dips, believing they need to stay positioned in AI technology.

Home / Business and Economy / Trump's Chip Tariff Exemption Fuels Tech Stock Rally

Trump's Chip Tariff Exemption Fuels Tech Stock Rally

7 Aug

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Summary

Trump exempts U.S. chip manufacturers from 100% tariffs
Apple to invest $100B in U.S., avoiding potential iPhone tariffs
Chipmakers like AMD, Intel, and Nvidia see stock gains

Trump's Chip Tariff Exemption Fuels Tech Stock Rally

On August 7th, 2025, global technology stocks experienced a rally after President Donald Trump announced that his administration would largely exempt the semiconductor industry from a proposed 100% tariff on chips and semiconductors.

Trump stated that the new tariff rate would not apply to companies that had already committed to or were in the process of manufacturing in the United States. This move provided relief for industry heavyweights, with Apple's stock rising 3.3% in premarket trading after the company announced an additional $100 billion investment in the U.S.

U.S.-based chipmakers such as Advanced Micro Devices, Intel, and Nvidia also saw their shares climb, with gains ranging from 1.1% to 2.5%. European chipmakers, including ASML, ASMI, and BE Semiconductor Industries, joined the rally, rising around 3% each.

The exemption seemingly rules out Taiwanese chip contract manufacturer TSMC, which makes chips for many U.S. companies but has factories located in the U.S. However, UBS analysts noted that the "market remains keen to buy TSMC on dips" and that investors believe they need to remain positioned in artificial intelligence (AI) technology, with or without tariffs.

South Korea's Samsung and SK Hynix, which have invested in chip plants in the U.S., will also not be subjected to the 100% tariff. The move is seen as part of Trump's ongoing efforts to reshape the semiconductor supply chain and spur domestic production.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.