The semiconductor tariffs imposed under former President Donald Trump’s administration are unlikely to revive advanced chip manufacturing in the United States, according to multiple industry analyses and reports. The Wall Street Journal highlighted skepticism about the tariffs' effectiveness in bringing back high-tech chip production domestically. Experts note that tariffs alone do not substitute for comprehensive industrial policy. Many foreign-made chips are not directly shipped to the U.S. but are incorporated into products overseas, creating uncertainty about how these products, such as cars and electronics, will be affected by the tariffs. Industry observers warn that the tariffs may incentivize minimal U.S. investment to satisfy political demands while continuing to import the majority of chips due to higher domestic production costs. Taiwan’s chipmakers face a difficult decision between absorbing the tariffs or investing in U.S. factories. Meanwhile, within the U.S. market, the White House is considering new import restrictions on chips, which is influencing stock performance among major Arizona-based semiconductor companies, with some stocks rising and others declining.