Apple Has Tariff Lessons for TSMC: Catherine Thorbecke

Fresh from instigating global chaos with his tariff blitz, President Donald Trump declared that the initial reprieve felt by the chips sector — and the global tech industry that relies on it — would be short-lived.

While exempt from the opening salvo, which is now largely on hold, Trump told reporters a day later that new levies on semiconductors would be coming “very soon.”

It’s an ominous warning for chip powerhouse Taiwan Semiconductor Manufacturing Co., which had hoped to buy time with its recent announcement that it was investing an additional $100 billion in the US. TSMC’s stock has see-sawed over the past ...