Key Takeaways Chip stocks advanced Thursday after President Donald Trump said companies that commit to manufacturing in the U.S. will be exempt from 100% tariffs on imported semiconductors.Trump's announcement was light on details about how the tariffs and exemptions would work,

Trump threatens steep tariffs on imported chips, urging tech firms to shift production to the US, sparking global supply chain concerns.

By Andrea Shalal, David Shepardson and Arsheeya Bajwa WASHINGTON (Reuters) -The United States will impose a tariff of about 100% on semiconductor chips imported from countries not producing in America or planning to do so,