Trump Goes After Taiwan Semiconductor On Joe Rogan Podcast
Portfolio Pulse from Anusuya Lahiri
Donald Trump criticized Taiwan Semiconductor Manufacturing Company (TSMC) on the Joe Rogan podcast, accusing Taiwan of undermining the U.S. chip industry. He pledged to impose tariffs on Taiwanese chips if elected, impacting TSMC, a major supplier for companies like Nvidia and Apple. TSMC shares fell 4.3% following his remarks. Trump also criticized the U.S. CHIPS Act and foreign companies using U.S. funds for chip plants. Analysts warn a Trump victory could hurt TSMC, and tariffs could complicate the chip supply chain.

October 29, 2024 | 3:47 pm
News sentiment analysis
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NEGATIVE IMPACT
Apple, which relies on TSMC for chip production, could experience increased costs and supply chain disruptions if tariffs are imposed on Taiwanese chips.
Apple depends on TSMC for its chip supply. Tariffs could lead to increased production costs and potential supply chain disruptions, affecting Apple's operations.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 50
NEGATIVE IMPACT
Amazon, which produces in-house chips and relies on TSMC, could face supply chain challenges if tariffs are imposed on Taiwanese chips.
Amazon's reliance on TSMC for in-house chip production means tariffs could disrupt its supply chain and increase costs.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 40
NEGATIVE IMPACT
Google, which relies on TSMC for chip production, could face increased costs and supply chain disruptions if tariffs are imposed on Taiwanese chips.
Google's dependence on TSMC for chip production means tariffs could lead to increased costs and potential supply chain disruptions.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 40
NEGATIVE IMPACT
Microsoft, which relies on TSMC for chip production, could face increased costs and supply chain disruptions if tariffs are imposed on Taiwanese chips.
Microsoft's reliance on TSMC for chip production means tariffs could lead to increased costs and potential supply chain disruptions.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 40
NEGATIVE IMPACT
Micron Technology could be indirectly affected by potential retaliatory actions from China if tariffs are imposed on Taiwanese chips.
While not directly involved, Micron could be affected by broader geopolitical tensions and retaliatory actions from China in response to tariffs.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 30
NEGATIVE IMPACT
Nvidia, a major client of TSMC, could face supply chain complications if tariffs are imposed on Taiwanese chips, as suggested by Trump. This could affect Nvidia's production and costs.
Nvidia relies on TSMC for chip production. Tariffs on Taiwanese chips could increase costs and disrupt supply, potentially affecting Nvidia's operations.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 50
NEGATIVE IMPACT
Donald Trump's criticism of Taiwan Semiconductor Manufacturing Company (TSMC) and his pledge to impose tariffs on Taiwanese chips if elected could significantly impact TSMC. The company's shares dropped 4.3% following his remarks.
Trump's remarks directly target TSMC, a major player in the global chip industry. His pledge to impose tariffs could disrupt TSMC's operations and affect its stock price, as evidenced by the immediate 4.3% drop in shares.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100