Key Takeaways Chip stocks advanced Thursday after President Donald Trump said companies that commit to manufacturing in the U.S. will be exempt from 100% tariffs on imported semiconductors.Trump's announcement was light on details about how the tariffs and exemptions would work,

Trump threatens steep tariffs on imported chips, urging tech firms to shift production to the US, sparking global supply chain concerns.

President Donald Trump said that US tariffs on semiconductor and pharmaceutical imports would be announced “within the next week or so,” as the administration prepares to target key economic sectors in its effort to remake global trade.