United States President Donald Trump told CNBC's "Squawk Box" that the administration will roll out new tariffs on semiconductors and chips "within the next week or so," explaining that the goal is to bring more manufacturing back to the United States. Currently, Taiwanese exports already face a 20% duty, down from the 32% threat he initially proposed. That has put Taiwan, home to TSMC, the world's largest chipmaker, directly in the crosshairs. TSMC has begun limited production at its Arizona site, but that factory's output is fully booked through late 2027 and can't meet US demand on its own. This isn't the first time Trump has cited tariffs to reshape the chip industry. He threatened as much as 100% duties on Taiwan-made semiconductors earlier this year and has applied broad import levies since April, temporarily excluding chips before promising to target them later.

By making these moves now, the White House aims to encourage companies to establish more fabs on American soil. Some executives, including NVIDIA's Jensen Huang, praise the idea of bringing manufacturing in the US as visionary. Big tech names like HP and Dell have warned that slapping extra taxes on chips will drive up costs and disrupt their supply chains. Others worry that US production is not yet ready to take over, and that higher prices or even shortages could initially affect businesses and everyday consumers. At the same time, South Korea's Samsung, which put a hold on its planned Texas facility amid uncertain demand, could see an opening if US chip imports suddenly become more expensive.