Core Viewpoint - The Trump administration is considering a new policy requiring chip companies to maintain a 1:1 ratio between domestic production and imported chips, with potential tariffs for non-compliance [1][2]. Policy Mechanism: Capacity Commitment for Import Quotas - Companies that commit to producing 1 million chips in the U.S. will receive corresponding credit to continue importing without tariffs until their factories are operational [2]. - The policy may initially provide a grace period for companies to adjust and increase domestic production [2]. - Companies must track the origin of all chips in their imported products and collaborate with manufacturers to ensure compliance with the production-import ratio [2]. Industry Impact: Reshaping Chip Manufacturing Landscape - The policy could create opportunities for companies like TSMC, Micron Technology, and GlobalFoundries, giving them more leverage in negotiations with clients [3]. - The U.S. government is concerned about the over-reliance of tech companies on overseas chip manufacturing, prompting the introduction of the CHIPS Act, which offers billions in grants and subsidies [3]. - The Trump administration is conducting a trade investigation into how chip imports affect national security, which may lead to new tariffs on chips [3]. - The implementation of the policy may face challenges if advanced or specialized products cannot be easily manufactured in the U.S. [3].