Trump: U.S. to Soon Capture Nearly 50% of Chip Market

On April 24, U.S. President Trump declared on the 23rd that the United States will soon capture nearly 50% of the chip market, warning that chip companies that do not manufacture in the U.S. will face very high tariffs in a year and a half to two years. U.S. Secretary of Commerce Gina Raimondo stated that the U.S. previously held only 3% to 4% of the chip market while having the largest demand for chips. Under Trump’s directive, the U.S. is requiring semiconductor fabs to return to domestic production, with expectations that fabs worth $1 trillion will come to the U.S. Raimondo emphasized that this is not about tech giants purchasing chips, but rather about chip manufacturing. She mentioned commitments from Micron Technology to invest $200 billion and TSMC to invest $165 billion, along with $500 billion in funds from Taiwan expected to flow into the U.S. Raimondo also indicated during a congressional hearing on the 23rd that investments in the U.S. semiconductor industry during Trump’s term are expected to reach $1 trillion. (Dongxin News Agency)