Chip stocks jump after Trump semiconductor tariffs on U.S. footprint

U.S. President Donald Trump’s proposed 100% tariffs on the import of semiconductors has brought major chip names into the spotlight.

Questions linger about how these duties will be implemented: will they apply to the raw chip itself that is imported, or the end product, like a smartphone or laptop? And how much manufacturing needs to actually be done in the U.S.?

Trump said that, if companies are “building in the United States or have committed to build, without question,” then “there will be no charge.”

A number of chip stocks moved higher on Thursday on investor hopes that pledges of U.S. investment and current footprint Stateside may help them avoid the worst of the semiconductor tariffs.

Based on Trump’s comments, here’s a breakdown of the major chip companies in the world and what their operations and investment commitments to the U.S.

Taiwan Semiconductor Manufacturing Co., the world’s biggest chipmaker, has pledged a total of $165 billion in investments to the U.S.

This includes an ongoing $65 billion investment in advanced chip making operations in Phoenix, Arizona and a fresh $100 billion announced in March.

TSMC shares rose nearly 5% in Taiwan on Thursday, as investors bet the company will ride out the semiconductor tariffs.

Samsung operates chipmaking facilities in Texas and has also committed billions of dollars in investment to the U.S.

Apple on Wednesday said that Samsung would produce image sensors of the iPhone maker out of the Korean tech giant’s facility in Austin, Texas.

Samsung shares also ended the day higher in South Korean trading.

U.S.-headquartered chipmaker GlobalFoundries saw shares surge nearly 10% in premarket trade on Thursday.

The company has a manufacturing footprint in the U.S., but it does not make cutting-edge chips like TSMC. Instead, it makes less advanced products that are widely used across various industries.

On Wednesday, GlobalFoundries announced an agreement with Apple for a “deeper collaboration that will advance semiconductor technologies and strengthen U.S. manufacturing.”

The company said it will “accelerate” investments at its factory in Malta, New York.

Given its U.S. base, investors see GlobalFoundries as a winner of Trump’s semiconductor tariffs.

SK Hynix produces the high-bandwidth memory chips that Nvidia uses in its products. Last year, the South Korean company announced a nearly $4 billion chip packaging facility in the U.S.

Shares of SK Hynix closed more than 1% higher on Thursday.

In April, Nvidia said it plans to produce up to $500 billion of AI infrastructure in the U.S. via its manufacturing partnerships over the next four years.

Its Blackwell AI chips have started production at TSMC’s Phoenix facility.

Nvidia shares were 1% higher in premarket trade.

While not strictly a semiconductor company, Apple does design its own chips. Trump on Wednesday announced that Apple will spend an additional $100 billion on U.S. companies and suppliers over the next four years.

Apple said that its U.S.-based supply chain would produce more than 19 billion chips for its products this year, which includes manufacturing from TSMC in Arizona.

Apple shares rose more than 3% in premarket trade on Thursday, following a 5% jump on Wednesday.