Former President Donald Trump, on a Joe Rogan podcast, accused Taiwan of stealing America's chip industry and said he'd put a tariff on Taiwan's chips.Former President Donald Trump reiterated his frustration with Taiwan over the weekend when he appeared on "The Joe Rogan Experience" podcast and accused Taiwan of stealing America's chip industry.
Given the broader geopolitical concerns surrounding Taiwan and the risk of a China invasion, pressure has been growing on U.S. companies to build an alternative to Taiwan Semiconductor in the U.S. The U.S. Commerce Department funds have yet to be allocated to Taiwan Semiconductor or other major semiconductor firms. Funds are expected to be allocated by the end of this year as long as specific milestones are met.
Mizuho analysts recently wrote that a Trump win would be bad for Taiwan Semiconductor. Analysts at Citi are debating how much tariffs could increase the costs across the chip supply chain. They add that tariffs wouldn't be easy for governments to navigate. " would require complex audits across thousand of devices, which contain a variety of chips," the Citi analysts wrote.
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