President Donald Trump says he's imposing a 100% tariff on computer chips— a move that raises the specter of higher prices for electronics, autos, household appliances and other essential goods that depend on the processors.
  • Alphane Moon@lemmy.worldOPMEnglish
    7·
    6 days ago

    Investors seemed to interpret the potential tariff exemptions as a positive for Apple and other major tech companies that have been making huge financial commitments to manufacture more chips and other components in the U.S.

    Big Tech already has made collective commitments to invest about $1.5 trillion in the U.S. since Trump moved back into the White House in January. That figure includes a $600 billion promise from Apple after the iPhone maker boosted its commitment by tacking another $100 billion on to a previous commitment made in February.

    I do wonder how many of these commitments will come to pass and to what extent these are merely elements of a negotiation strategy.

    • frazw@lemmy.worldEnglish
      15·
      6 days ago

      Well that’s really it.

      You only need to say you are going to do something so Trump gets his headline. There is no need to actually follow through. I think companies are starting to realise that.

      It would be embarrassing for Trump to admit if the investment doesn’t happen or if jobs aren’t coming back. So the office of fake statistics will swing into action to make claims.

    • Mihies@programming.devEnglish
      7·
      6 days ago

      I’m sure US will switch to 4x more expensive domestic chip production in no time /s. If they really had capacity which they won’t no matter the announcements.

      • floofloof@lemmy.caEnglish
        2·
        5 days ago

        They’ll just throw together some fabs overnight using magic, and staff them with all that engineering talent the USA is currently deterring from coming and/or deporting.