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The Wall Street Publication > Blog > Markets > Trump’s tariff menace places semiconductors on show
Markets

Trump’s tariff menace places semiconductors on show

Editorial Board Published August 7, 2025
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Trump’s tariff menace places semiconductors on show
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Evans Could Wealth managing companion Elizabeth Evans makes the case that company earnings proceed to be ‘resilient’ and divulges which sector leads the market on ‘Making Cash.’

President Trump’s message to international chipmakers is: Manufacture in america, and also you gained’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 mentioned Wednesday after securing one other $100 billion funding from Apple CEO Tim Cook dinner. 

President Trump plans 100% tariffs on semiconductor makers except you construct in the united statesA.

Apple’s newest funding earmarked for the U.S. brings the tech large’s whole dedication to $600 billion. 

TRUMP TAPS STEVEN MIRAN FOR OPEN FED ROLE

Apple CEO Tim Cook dinner makes $100 billion funding in U.S., Trump declares from the Oval Workplace  (Photograph by Win McNamee/Getty Photos / Getty Photos)

Ticker Safety Final Change Change % NVDA NVIDIA CORP. 180.77 +1.35
+0.75%

AMD, Utilized Supplies, ON and Taiwan Semiconductor rose Thursday, together with among the largest exchange-traded funds that monitor the sector: VanEck Semiconductor ETF, iShares Semiconductor ETF and Direxion Every day Semiconductor Bull 3X shares. 

Ticker Safety Final 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 facet, Intel shares fell after Trump referred to as on CEO Lip-Bu Tan to resign, saying he’s “highly conflicted,” citing ties to China. 

TRUMP DEMANDS INTEL’S CEO RESIGN

Intel CEO Lip-Bu Tan

Intel CEO Lip-Bu Tan (Businesswire/Intel)

Intel informed Reuters that the corporate and its chief government 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 seventeenth file shut of 2025, making Invesco’s QQQ Belief Collection ETF some of the actively traded ETFs on Thursday. 

Ticker Safety Final Change Change % QQQ INVESCO QQQ TRUST – USD DIS 569.24 +1.92
+0.34%

The Nasdaq has gained 10% this 12 months, outpacing the S&P 500’s 7.8% pop. 

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TAGGED:displayputsSemiconductorstariffthreatTrumps
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