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livemint.com / 1 year ago
economictimes.indiatimes.com / 1 year ago
economictimes.indiatimes.com / 1 year ago
Nvidia, TSMC, chip stocks crash as Trump’s new tariffs shake semiconductor industry – How will rising costs and supply chain disruptions impact AI and tech companies?
Why did Nvidia, TSMC, and other chip stocks drop?
Following Trump’s announcement, Nvidia stock fell over 5%, while its competitor Advanced Micro Devices (AMD) dropped about 4%. Broadcom (AVGO) saw a steep 7% decline, and Micron Technology (MU), a key memory chip supplier for Nvidia’s GPUs, also lost 7% in value. TSMC, the Taiwanese giant responsible for manufacturing advanced semiconductors for companies like Nvidia and Apple (AAPL), also sank approximately 5%.
This reaction in the stock market reflects growing fears about supply chain disruptions and cost increases due to new tariff measures.
What are Trump’s new tariff rules?
Trump revealed that starting April 5, a 10% baseline tariff would be applied globally. However, from April 9 onward, reciprocal tariffs will be imposed based on individual countries’ trade practices:
- China: 54% total tariff (includes a pre-existing 20% tariff)
- Taiwan: 32% reciprocal tariff
- Vietnam: 46% reciprocal tariff
This move is expected to impact chip imports from these countries, which are major suppliers of AI servers, laptops, and other high-tech products to the U.S.
How will these tariffs affect the semiconductor industry?
These tariffs directly impact companies like Nvidia, which rely heavily on Taiwan and China for chip manufacturing. TSMC, the world’s leading semiconductor foundry, plays a critical role in producing chips for Nvidia, AMD, and even Intel (INTC).
The U.S. imported around $19 billion in servers equipped with Nvidia GPUs from Taiwan and $34 billion from China in 2024, according to trade data compiled by Michigan State University’s supply chain expert Jason Miller. These tariffs will increase costs for U.S. companies relying on these imports, potentially slowing demand
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