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The tariffs would ensnare cutting-edge smartphone and PC-related chips for Apple, AMD and Nvidia if enacted. But Trump is betting his plan will bring more chip production to the US.
Yeah, seems to be the carrot and stick approach. Biden provided the carrot a few years ago (subsidies for new US plants) and Trump is providing the stick (tariffs for offshore imports).
The biggest issue being that despite having operational fabs here, TSMC still needs to ship their wafers to Taiwan in order to process them into chips.