China Hits US-Made Chips With Tariffs, But Those Outsourcing To Taiwan Semiconductor Exempt
Benzinga (Fri, 11-Apr 1:52 PM)
China’s retaliatory tariffs on U.S. imports seek to relieve U.S. chipmakers that outsource manufacturing, Reuters reported Friday, citing the China Semiconductor Industry Association (CSIA).
For U.S. chip designers such as Qualcomm Inc (NASDAQ:QCOM) and Advanced Micro Devices, Inc (NASDAQ:AMD) that outsource manufacturing to Taiwanese contract chipmaker Taiwan Semiconductor Manufacturing Co (NYSE:TSM), Chinese customs authorities will classify these chips’ place of origin as Taiwan, exempting them of China’s retaliatory tariffs on U.S. imports, Reuters cited EETop.
AMD and Taiwan Semiconductor stocks gained on Friday after the update.
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