Trump’s tariffs could cost semiconductor industry $1 billion, industry fears

The semiconductor industry is bracing to potentially lose more than $1 billion once Donald Trump announces chip tariffs. Two sources familiar with discussions between chipmakers and lawmakers last week told Reuters that Applied Materials, Lam Research, and KLA—three of the largest US chip equipment makers—could each lose about "$350 million over a year related to the tariffs." That adds up to likely more than $1 billion in losses between the three, and smaller firms will likely face similarly spiked costs, estimating losses in the tens of millions. Some chipmakers are already feeling the pain of Trump's trade war, despite a 90-day pause on reciprocal tariffs and a tenuous exception for semiconductors and other electronics. In a Securities and Exchange Commission filing, Nvidia warned that arbitrary tariffs on imports will also come in the form of export curbs. Apparently, the US is planning to charge the company up to $5.5 billion to continue exporting its artificial intelligence H2 ... Read full article.