TSMC Seeks Tariff Exemptions, Warns of Cost Hikes and Disruptions to U.S. Chip Plans
Summary
Taiwan Semiconductor Manufacturing Co. (TSMC) requests tariff exemptions from the Trump administration, cautioning that import duties could inflate costs and derail its U.S. chip production initiatives, including its newly-commenced Arizona factory.
Key Points
- TSMC asks Trump administration to exempt certain semiconductor imports from tariffs.
- TSMC warns tariffs could raise costs and disrupt U.S. chip manufacturing plans.
- TSMC recently began construction on its third facility in Phoenix, Arizona.