The U.S. government is gearing up for an extensive review of tariffs affecting the electronics supply chain, with an emphasis on semiconductors. This comes amid ongoing concerns about reliance on foreign manufacturing, particularly from nations viewed as economic adversaries, such as China.
President Donald Trump highlighted the situation by confirming that existing 20% tariffs on fentanyl-related products are simply being reclassified rather than being reduced. He emphasized the need for a robust domestic manufacturing infrastructure to reduce dependency on foreign suppliers and safeguard national security.
This potential scrutiny is likely to impact several major U.S.-based companies in the semiconductor industry. Notable names that could be affected include Intel (INTC), Texas Instruments (TXN), Qualcomm (QCOM), Marvell Technology (MRVL), Microchip Technology (MCHP), Micron Technology (MU), and Nvidia (NVDA).
Beyond semiconductors, technology firms such as Apple (AAPL, Financial), Dell (DELL), Cricut (CRCT), Garmin (GRMN), GoPro (GPRO), HP Inc. (HPQ), Logitech (LOGI), and Sonos (SONO) are also part of this critical supply chain and could feel the ripple effects of these investigations.
The move underscores a strategic shift towards bolstering U.S. manufacturing capabilities, aiming to minimize vulnerabilities associated with overseas production, especially in sectors deemed vital for national security.
