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.

Trump’s plan for 100% computer chip tariffs boosts stocks but leaves small chipmakers scrambling and raises fears of higher prices for cars and electronics.