Thursday, 7 August, 2025
Markets Rally as Tech Giants Benefit from Trump’s U.S. Chip Investment Exemptions
Global stock markets, particularly in Asia, rallied after President Trump announced that companies investing in U.S. semiconductor manufacturing would be exempt from a proposed 100% tariff on chip imports. Semiconductors stocks surged—TSMC rose nearly 5%, Samsung and SK Hynix climbed, and Apple shared surged following its $100 billion U.S. investment pledge. The news eased trade concerns and sparked enthusiasm across tech-heavy indices.
Read full story at Economic Times