“中国想要，我们抽成，不，加税”

Core Viewpoint - The U.S. government, under President Trump, has announced a 25% tariff on certain advanced AI chips, including Nvidia's H200 and AMD's MI325X, to encourage domestic production and reduce reliance on foreign manufacturers, particularly in Taiwan [1][2]. Group 1: Tariff Announcement - The tariff will be applied before the targeted chips reach the U.S. and are sent to Chinese customers and other foreign markets [2]. - The tariff is narrowly focused and does not apply to chips imported to support U.S. technology supply chain development and domestic semiconductor manufacturing [2]. - Trump indicated that the U.S. consumes about 25% of the world's semiconductors but only manufactures about 10% of the chips it needs, highlighting a significant reliance on overseas supply chains [2]. Group 2: Impact on Companies - Following the announcement, stock prices of Nvidia, AMD, and Qualcomm saw slight declines in after-hours trading [2]. - Nvidia and AMD have expressed compliance with U.S. export control laws, while Nvidia relies heavily on Taiwanese companies for chip production [2][5]. - There are concerns regarding whether Chinese buyers will purchase the H200 chips, as they are perceived as a "special version" designed for the Chinese market, and there are indications that Chinese companies are seeking to develop domestic alternatives [6][5]. Group 3: Political Context - The announcement follows a series of export restrictions aimed at curbing China's technological development, with Trump previously allowing Nvidia to export H200 chips to China under specific conditions [5]. - The 25% fee on the H200 chips is interpreted by some as a disguised export tax, with implications for Taiwanese manufacturers who may bear the additional costs [5][6].