President Donald Trump just announced a 100% tariff on foreign-made semiconductors in a bid to force companies to build their chips within the United States or order them from local fabs. According to the Associated Press, Trump made this announcement at the Oval Office after Apple’s Tim Cook promised an additional $100 billion in investments to avoid chip tariffs for iPhones. “We’ll be putting a tariff of approximately 100% on chips and semiconductors. But if you’re building in the United States of America, there’s no charge,” says Trump. When a reporter asked him how all of these announced investments would impact the American people, the president answered, “We have the biggest chip companies — the both of them — but we have the biggest in the world coming in. They’re going to Arizona and beyond. And in a short period of time, we’ll be [making] up to almost 50% of the chips, starting from nothing.” TSMC has already started production at its Arizona fab, with Apple, one of its first customers, expecting to source over 19 billion chips from local chip manufacturing. The chip manufacturer says that demand for its capacity is so high that it’s already sold out through 2027, meaning companies that need chips will have to find another provider. Thankfully, Samsung’s new Texas fab is also nearing completion, with the company reportedly delaying its completion due to a lack of customers.

Full report : President Trump says he will put 100 percent tariff on semiconductors imported into America.