Trump’s Tariffs Are Threatening the US Semiconductor Revival

Silicon Valley let out a sigh of relief on Wednesday when it learned that President Donald Trump’s tariff bonanza included an exemption for semiconductors, which, at least for now, won’t be subject to higher import duties. But just three days later, some US tech companies may be finding that the loophole actually creates more problems than it solves. After the tariffs were announced, the White House published a list of the products that it says are unaffected, and it doesn’t include many kinds of chip-related goods.

That means only a small number of American manufacturers will be able to continue sourcing chips without needing to factor in higher import costs.

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