Trump’s Tariffs Are Threatening the US Semiconductor Revival

While the White House carved out a narrow exemption for some semiconductor imports, President Donald Trump’s sweeping tariffs still apply to GPUs and chipmaking equipment.

Silicon Valley let out a sigh of relief on Wednesday when it learned that President Donald Trump’s tariff bonanza included an exemption for semiconductors, which, at least for now, won’t be subject to higher import duties. But just three days later, some US tech companies may be finding that the loophole actually creates more problems than it solves. After the tariffs were announced, the White House published a list of the products that it says are unaffected, and it doesn’t include many kinds of chip-related goods.