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US to increase tariffs on Chinese semiconductors by 100% in 2025 — officials say it protects the $53 billion spent on the CHIPS Act
"Raising the tariff rate on semiconductors is an important initial step to promote the sustainability of these investments." - White House
The U.S. also sees it as a strategic resource: U.S. Commerce Secretary Gina Raimondo told the U.S. Congress that a Chinese seizure of TSMC, the largest semiconductor manufacturer globally and supplier of 92% of the chips in the United States, would devastate the U.S. economy. Soon after, Chinese firm Naura Technology announced that it was jumping into the lithography tools market, alongside Shanghai Micro Electronics Equipment Group (SMEE). Whether this move is based on policy or a political act to gain votes for Biden in the upcoming U.S. presidential election, the new tariffs will increase the prices of semiconductors and several other high-tech goods across the board.
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