Trump Plans to Tax Chips Amid AI Industry Fears

The tech industry is concerned that Donald Trump may impose sweeping new semiconductor tariffs, which could harm artificial intelligence innovation in the US. According to sources, the tariffs could be imposed in the coming weeks or months. The framework for tariffs may change as it becomes finalized, but one approach under consideration could expand the number of tech products subject to duties, including goods made with chips, such as gaming consoles or servers. The tech industry fears that this move will "doom" AI innovation in the US. The exact details of the tariffs are still unclear, but the industry is bracing for the potential impact.