Trump proposes a 100% tariff on imported semiconductor chips to boost domestic production, with exemptions for U.S. manufacturers, as major chip companies plan new plants in the country.
Trump boasts securing $100 billion TSMC investment after tariff threat, despite TSMC's existing $65 billion commitment and $6.6 billion subsidies under Biden administration; Trump criticizes giving subsidies, says chip companies should build plants in U.S. without incentives.
In a move to boost domestic semiconductor manufacturing, Trump imposes 100% tariffs on chip imports while exempting U.S. chipmakers, causing Japanese chipmakers' stocks to tumble and Samsung and TSMC to rally on their U.S. investments.
Vietnam emerges as a pivotal chip manufacturing hub, rapidly scaling semiconductor ambitions with new investments as clients seek products without Chinese links amid escalating US-China trade tensions, though challenges like limited scale and R&D capacity persist.
Tesla CEO Elon Musk announces a groundbreaking $16.5 billion deal with Samsung to produce Tesla's next-generation AI6 chips at Samsung's new Texas factory, bolstering Samsung's contract manufacturing business.
Tesla faces mounting challenges as Q2 2025 earnings plunge 23% and operating income drops 42% amid fierce EV competition, with cash reserves depleting for the first time in years.
Breaking news: President Trump reverses stance, greenlights Nvidia's $4 trillion chip sales to China after CEO Jensen Huang's persuasive talks, abandoning previous plans to break up the market-dominant tech giant.
Detroit emerges as a top artificial intelligence powerhouse, ranking highly in a Brookings Institution survey of metro areas for AI readiness, solidifying its position as a national leader in this cutting-edge field.
In a groundbreaking move, Apple secures a $500 million deal with MP Materials, the sole US-based rare earth mining company, to procure rare earth magnets for iPhones and other products, reducing its dependence on China for these critical minerals.
GE Aerospace pioneers cutting-edge aviation technology, inventing the future of flight with jet engines, components, and integrated systems for commercial and military aircraft while empowering its industry-leading talent to continuously innovate and climb higher together.