Shares of some U.S. semiconductor companies, including Intel (NASDAQ:INTC) and GlobalFoundries (NASDAQ:GFS), gained ground on Friday following reports the Trump Administration is planning a new policy that would require companies to manufacture the same number of chips in the U.S. as their customers import from overseas producers.
This rule would create a 1:1 domestic-to-imported chips ratio.
Intel was up 4.3% during pre-market trading and GlobalFoundries had jumped 7.6%. Intel, Micron Technology (MU), GlobalFoundries (NASDAQ:GFS), TSMC (TSM) and Samsung Electronics (OTCPK:SSNLF) are all building multibillion-dollar U.S. facilities. Micron edged up 1%.
Under the proposed system, if a company commits to producing one million chips in the U.S., its customers can continue importing that quantity without tariffs until the factory is operational.
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