Commerce Secretary Lutnick Outlines Ambitious U.S. Semiconductor Production Targets Backed by Tariff...

U.S. Commerce Secretary Commerce Secretary Lutnick stated that domestic semiconductor production stood at roughly 1% when the administration took office, with a target to reach 40%—or up to 50% if Intel delivers—by the end of the term.
Key details from the announcement include:
- Tariff Policy: Lutnick emphasized that companies building within the U.S. will be exempt from tariffs during construction, warning that those who choose not to build locally will "pay to have access to the greatest market in the world."
- Massive Capital Commitments: Already, $1.2 trillion has been committed, including $265 billion from TSMC and $250 billion from Micron.
- Foreign Chipmakers on Notice: When asked if SK Hynix and Samsung are on notice, Lutnick confirmed, "You are on notice that they are going to build here."