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’s plan for 100% computer chip tariffs boosts stocks but leaves small chipmakers scrambling and raises fears of higher prices for cars and electronics.

The United States will impose a tariff of about 100% on semiconductor chips imported into the country, President Donald Trump said on Wednesday.