特朗普的芯片税，真的要来了？

Core Viewpoint - The article discusses the complexities and implications of potential tariffs on semiconductor chips proposed by former President Trump, highlighting the intricate global supply chain of the semiconductor industry and the potential impact on prices and manufacturing costs [1][5][6]. Group 1: Tariff Proposal and Market Impact - Trump intends to impose tariffs on semiconductors produced outside the U.S., with a previous suggestion of a 25% tariff on processors, although details remain vague [1][5]. - The stock performance of major semiconductor companies has been mixed, with TSMC down 15%, Nvidia down 16%, AMD down 11%, and Broadcom down 25%, while Intel's stock rose 17% due to leadership changes and potential manufacturing shifts [1][5]. Group 2: Global Semiconductor Supply Chain - The semiconductor manufacturing process is highly globalized, involving multiple countries for different stages, from silicon wafer production to packaging and assembly [2][3]. - Chips often cross numerous borders before reaching their final form, complicating the determination of their origin for tariff purposes [2][6]. Group 3: Implications of Tariffs on Manufacturing - The proposed tariffs raise questions about how they would apply to chips that have crossed multiple borders and how manufacturers will handle the increased costs [5][6]. - The impact on consumer prices and profit margins for manufacturers is uncertain, as companies may need to absorb costs, reduce profits, or pass expenses onto consumers [6].