Computer chips and processors may face restrictions on imports to the United States, as President Donald Trump plans to impose tariffs on them. This move is aimed at boosting domestic production of these products.
He made a speech at the World Economic Forum in Davos where he revealed plans to lower taxes to entice manufacturers and cautioned that companies opting to produce outside the US will face tariffs.
How do pricier processors impact me?
If imported chips face tariffs, prices may increase as numerous businesses depend on Asian suppliers, particularly those in Taiwan and South Korea. This could affect Brazilians when a product is sourced from the US but is manufactured locally and utilizes imported chips.
The range of manufactured goods utilizing chips is extensive, encompassing not only high-tech devices like laptops and smartphones, but also various factories using imported machinery and numerous medical companies manufacturing equipment for medical facilities and workplaces.
Who produces chips in the United States?
Intel is the top semiconductor manufacturer in the United States, operating factories in Arizona, New Mexico, and Oregon. Taiwan Semiconductor Manufacturing Company (TSMC) also established factories in the country, supported by government incentives, and is currently producing iPhone processors in Phoenix, as reported by Business Insider.