智通财经网·2025-08-11 03:50Core Viewpoint - Analysts suggest that President Trump's proposal to impose approximately 100% tariffs on all chips entering the U.S., while exempting companies producing chips domestically, is unlikely to lead to a significant return of chip manufacturing to the U.S. [1] Group 1: Impact on Major Companies - Industry giants like TSMC have already invested billions in building factories in the U.S., partly due to earlier government subsidies, and these projects will qualify for exemptions, reducing further expansion incentives [1] - TSMC estimates that its U.S. operations will see a 2-3 percentage point decline in gross margins, with the chips produced being older generation compared to those from its Taiwan facilities [1] Group 2: Broader Industry Implications - The tariffs may have a more significant impact on electronic companies that rely on imported components, such as Apple, which has committed to investing $600 billion in the U.S., most of which is unrelated to chip manufacturing, to avoid additional costs [1] - While tariffs could encourage more domestic manufacturing, industry observers believe that the primary drivers for U.S. chip investment will continue to be subsidies from the Chips Act, tax incentives, supply chain resilience, and geopolitical considerations rather than the tariff policy itself [1]