Core Viewpoint - The article discusses the implications of the recent trade framework established between the U.S. and the EU, particularly focusing on the 15% tariff on certain products, including semiconductor equipment from companies like ASML, which could significantly impact U.S. chip manufacturers' costs [1][2]. Group 1: Trade Framework and Tariffs - The U.S. and EU have agreed on a trade framework that includes a 15% tariff on EU products entering the U.S., with specific exemptions for semiconductor equipment from companies like ASML [1]. - The trade agreement outlines zero tariffs on strategic products, including aircraft, specific chemicals, certain pharmaceuticals, semiconductor equipment, agricultural products, natural resources, and key raw materials [1]. Group 2: Impact on Semiconductor Equipment Costs - The average price of ASML's advanced immersion DUV ArF equipment is approximately $89.615 million, while the low-NA EUV equipment is priced around $265 million. A 15% tariff would increase these costs to approximately $103 million and $305 million, respectively [2]. - The depreciation of the dollar against the euro since early February has already made EU-produced semiconductor equipment more expensive for U.S. chip manufacturers, and the additional 15% tariff would exacerbate this cost increase [2]. Group 3: Effects on U.S. Chip Manufacturers - If the Trump administration imposes a 15% tariff on ASML's lithography, measurement, and inspection equipment, U.S. chip manufacturers would face increased costs of $13 million per DUV machine and up to $40 million per EUV machine [2]. - AMD's CEO has indicated that the cost of chips produced at TSMC's Arizona facility could increase by up to 20% compared to those produced in Taiwan, highlighting the financial strain on U.S. chip production [2].