"We will impose very high taxes on chips and semiconductors. But the good news for companies like Apple is that if they have, are or are committed to making it in the US, there will be no fees at all," President Donald Trump said at the Department of Labor on the afternoon of August 6.
In other words, we will impose a 100% tax on chips and semiconductors. But if you build a factory in the US, there will be no fees," Donald Trump stressed.
The announcement of new tax rates for each field shows that President Trump is increasing efforts to pressure US commodity manufacturing enterprises.
However, details about the plan, such as the level of US manufacturing that a company needs to achieve to qualify for tax exemption, are still unclear.
Trump has previously revealed that tariffs on chips and semiconductors could be implemented as early as next week.
The news of a 100% tax on chips and semiconductors comes after President Trump welcomed Apple's commitment to investing an additional $100 billion in the US over the next four years, in addition to the previously committed $100 billion investment.
Several leading chipmakers, including Taiwan Semiconductor, Nvidia and Global Founderries, have pledged to produce some of their products in the US.
According to the Semi-finished Industry Association, more than 130 projects in the US with a total value of $600 billion have been announced since 2020.
TSMC, the world's largest contract chip maker, has committed to investing $165 billion in US manufacturing.
In April this year, Nvidia, the world's most valuable company, announced that it plans to spend $500 billion on AI infrastructure in the US over the next 4 years.
Global Founderries committed $16 billion in June to expand semiconductor manufacturing at facilities in New York and Vermont.
Also in June, Texas Instruments announced a $60 billion investment in seven chip factories in the US. The company has customers including Apple, Ford, Medtronic, Nvidia and SpaceX.
