Wall St Engine(@wallstengine):Commerce Sec. Lutnick on chip tariffs: US semiconductor production was "like 1%" when the administration came in. The target is now 40%, 50% if Intel delivers, by end of term. "Build it here and you won't pay a tariff while you're building." Don't, and "you should pay to have access to the greatest market in the world." $1.2T committed already. TSMC $265B, Micron $250B. Asked if SK and Samsung are on notice: "You are on notice that they are going to build here."

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Wall St Engine@wallstengine

2026.09.02 18:32

Commerce Sec. Lutnick on chip tariffs: US semiconductor production was "like 1%" when the administration came in. The target is now 40%, 50% if Intel delivers, by end of term. "Build it here and you won't pay a tariff while you're building." Don't, and "you should pay to have access to the greatest market in the world." $1.2T committed already. TSMC $265B, Micron $250B. Asked if SK and Samsung are on notice: "You are on notice that they are going to build here."