TSMC wins major reprieve from U.S. chip tariffs, shares surge to record high
Taiwan’s government has confirmed that TSMC, the world’s largest chipmaker, will be exempt from President Trump’s proposed 100% tariffs on semiconductor imports. The announcement drove TSMC shares to a record high as markets reacted positively to the news. Trump’s plan aims to push chip production onshore, but Taiwan argued successfully that TSMC’s significant U.S. investments merited the exception.
This exemption signals the critical role TSMC plays in global tech supply chains and underscores the U.S.’s reliance on its advanced chip manufacturing.
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