Trump Imposes 100% Chip Tax; TSMC's Investment in U.S. Manufacturing May Qualify for Exemption with 'Foxconn Clause'
Former President Trump recently announced that a 100% tax will be levied on imported chips, a decision expected to have significant repercussions for the global tech industry. Nevertheless, TSMC's substantial investment in U.S. manufacturing may qualify for exemptions. However, Trump has added a 'Foxconn Clause' that requires a commitment from companies, or they may face recapture of the exempted taxes in the future.
