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You are at:Home»Business»Trump’s tariff threat puts semiconductors on display
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Trump’s tariff threat puts semiconductors on display

Buddy DoyleBy Buddy DoyleAugust 7, 2025No Comments2 Mins Read
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Trump’s tariff threat puts semiconductors on display
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President Trump’s message to global chipmakers is: Manufacture in the United States, and you won’t be slapped with a hefty tariff. 

“We’ll be putting a tariff on approximately 100% on chips and semiconductors. But if you’re building in the United States of America, there’s no charge, even though you’re building, and you’re not producing yet in terms of the big numbers of jobs and all of the things that you’re building. If you’re building, there will be no charge”, Trump said Wednesday after securing another $100 billion investment from Apple CEO Tim Cook. 

Apple’s latest investment earmarked for the U.S. brings the tech giant’s total commitment to $600 billion. 

TRUMP TAPS STEVEN MIRAN FOR OPEN FED ROLE

Larger chip stocks, including Nvidia, touched a new all-time high Thursday, capping its 33% gain this year. CEO Jensen Huang was also at the White House this week, Fox News confirmed. 

Ticker Security Last Change Change %
NVDA NVIDIA CORP. 180.77 +1.35 +0.75%

AMD, Applied Materials, ON and Taiwan Semiconductor rose Thursday, along with some of the largest exchange-traded funds that track the sector: VanEck Semiconductor ETF, iShares Semiconductor ETF and Direxion Daily Semiconductor Bull 3X shares. 

Ticker Security Last Change Change %
AMD ADVANCED MICRO DEVICES INC. 172.40 +9.28 +5.69%
AMAT APPLIED MATERIALS INC. 183.15 +5.01 +2.81%
ON ON SEMICONDUCTOR CORP. 47.59 +0.61 +1.30%
TSM TAIWAN SEMICONDUCTOR MANUFACTURING CO. LTD. 242.62 +11.25 +4.86%
SMH VANECK VECTORS SEMICONDUCTOR ETF 291.12 +4.50 +1.57%
SOXX ISHARES TRUST PHLX SEMICONDUCTOR ETF 240.84 +3.91 +1.65%
SOXL DIREXION SHARES ETF TRUST DAILY SEMICONDUCTOR BULL 3X 25.14 +1.19 +4.97%
INTC INTEL CORP. 19.77 -0.64 -3.14%

On the flip side, Intel shares fell after Trump called on CEO Lip-Bu Tan to resign, saying he is “highly conflicted,” citing ties to China. 

TRUMP DEMANDS INTEL’S CEO RESIGN

Intel CEO Lip-Bu Tan

Intel told Reuters that the company and its chief executive are “deeply committed to the national security of the United States and the integrity of our role in the U.S. defense ecosystem.”

Even so, the Nasdaq Composite posted its 17th record close of 2025, making Invesco’s QQQ Trust Series ETF one of the most actively traded ETFs on Thursday. 

Ticker Security Last Change Change %
QQQ INVESCO QQQ TRUST – USD DIS 569.24 +1.92 +0.34%

The Nasdaq has gained 10% this year, outpacing the S&P 500’s 7.8% pop. 

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