Semiconductor stocks, ETFs active as Trump announces 100% chip tariff plan | Fox Business

Evans May Wealth managing partner Elizabeth Evans makes the case that corporate earnings continue to be 'resilient' and reveals which sector leads the market on 'Making Money.' President Trump’s message to global chipmakers is: Manufacture in the United States, and you won’t be slapped with a hefty tariff. "We'll be putting a tariff on approximately 100% on chips and semiconductors. But if you're building in the United States of America, there's no charge, even though you're building, and you're not producing yet in terms of the big numbers of jobs and all of the things that you're building. If you're building, there will be no charge", Trump said Wednesday after securing another$100 billion investment from Apple CEO Tim Cook. President Trump plans 100% tariffs on semiconductor makers unless you build in the U.S.A. Apple's latest investmentearmarked for the U.S. brings the tech giant's total commitment to $600 billion. TRUMP TAPS STEVEN MIRAN FOR OPEN FED ROLE Apple CEO Tim Cook makes $100 billion investment in U.S., Trump announces from the Oval Office(Photo by Win McNamee/Getty Images / Getty Images) Larger chip stocks, includingNvidia, touched a new all-time highThursday, capping its 33% gain this year. CEO Jensen Huang was also at the White House this week, Fox News confirmed. Nvidia AMD, Applied Materials, ON and Taiwan Semiconductor rose Thursday, along with some of thelargest exchange-traded fundsthat track the sector: VanEck Semiconductor ETF, iShares Semiconductor ETF and Direxion Daily Semiconductor Bull 3X shares. On the flip side, Intel shares fell after Trump called on CEO Lip-Bu Tan to resign, saying he is "highly conflicted," citing ties to China. TRUMP DEMANDS INTEL'S CEO RESIGN Intel CEO Lip-Bu Tan(Businesswire/Intel) Tan in a statement, addressed the allegations. "Intel's success is essential to U.S. technology and manufacturing leadership, national security, and economic strength. This is what fuels our business around the world. It’s what motivated me to join this team, and it’s what drives me every day to advance the important work we’re doing together to build a stronger future…" a portion of the statement read. Intel Even so, the Nasdaq Composite posted its 17th record close of 2025, making Invesco’s QQQ Trust Series ETF one of the most actively traded ETFs on Thursday. Nasdaq Composite The Nasdaq has gained 10% this year, outpacing the S&P 500's 7.8% pop. GET FOX BUSINESS ON THE GO BY CLICKING HERE