Hua Er Jie Jian Wen·2025-04-13 03:38Group 1 - The recent policy shift provides significant relief for major tech companies such as Apple, Nvidia, and Microsoft, particularly as Apple produces approximately 80% of its iPhones in China [4][5] - Wedbush analyst Dan Ives stated that the exemption from tariffs on popular consumer electronics and key components has temporarily saved the U.S. tech industry from a potential collapse, which could have set back the industry by a decade and slowed the progress of the AI revolution [4][5] - The announcement of tariff exemptions has alleviated the uncertainty that has plagued the market, as U.S. tech giants have limited alternatives outside of their Asian supply chains [5][7] Group 2 - Following the announcement of tariff exemptions, there is an expectation of an EPS recovery for companies within the Apple supply chain, as noted by Minsheng Securities [8] - The semiconductor industry is experiencing confusion regarding the implementation of these policies, with industry players taking a cautious approach as they await further details [10] - The recent tariff exemptions are reminiscent of previous exemptions granted by the Trump administration in 2018 and 2019, raising questions about their long-term effectiveness and potential future changes in policy [10]