The US will release results of its semiconductor imports investigation (Section 232) in 2-weeks, Commerce Sec. Lutnick said, while President Trump suggested higher tariffs were coming, Reuters reports, noting Section 232 national security investigations provided a basis for 25%
US to release result of probe into chip imports in 2 weeks: Lutnick https://t.co/DDlnPs78S9 https://t.co/tt7OfyaxZ3
US to release result of probe into chip imports in two weeks https://t.co/lBIlLzLaA7 https://t.co/lBIlLzLaA7
US Commerce Secretary Lutnick announced that the government will release the results of a national security investigation into semiconductor imports under Section 232 in two weeks. The probe, initiated during the Trump administration, examines the impact of chip imports on national security and could lead to the imposition of tariffs. President Trump has indicated that higher tariffs may be forthcoming based on this investigation. Companies potentially affected by the outcome include major semiconductor firms such as AMD, Intel, Marvell, Microchip Technology, Micron Technology, Nvidia, Qualcomm, and Texas Instruments. Additionally, Lutnick has allowed a two-week delay on chip-related measures ahead of the release.