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Aug 8, 2025  |  
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 | Remer,MN
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President Trump’s message to global chipmakers is: Manufacture in the United States, and you won’t be slapped with a hefty tariff. 

"We'll be putting a tariff on approximately 100% on chips and semiconductors. But if you're building in the United States of America, there's no charge, even though you're building, and you're not producing yet in terms of the big numbers of jobs and all of the things that you're building. If you're building, there will be no charge", Trump said Wednesday after securing another $100 billion investment from Apple CEO Tim Cook. 

Apple's latest investment earmarked for the U.S. brings the tech giant's total commitment to $600 billion. 

Apple CEO Tim Cook at the White House with President Trump

(Photo by Win McNamee/Getty Images / Getty Images)

Larger chip stocks, including Nvidia, touched a new all-time high Thursday, capping its 33% gain this year. CEO Jensen Huang was also at the White House this week, Fox News confirmed. 

TickerSecurityLastChangeChange % NVDANVIDIA CORP.180.77+1.35 +0.75%
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AMD, Applied Materials, ON and Taiwan Semiconductor rose Thursday, along with some of the largest exchange-traded funds that track the sector: VanEck Semiconductor ETF, iShares Semiconductor ETF and Direxion Daily Semiconductor Bull 3X shares. 

TickerSecurityLastChangeChange % AMDADVANCED MICRO DEVICES INC.172.40+9.28 +5.69% AMATAPPLIED MATERIALS INC.183.15+5.01 +2.81% ONON SEMICONDUCTOR CORP.47.59+0.61 +1.30% TSMTAIWAN SEMICONDUCTOR MANUFACTURING CO. LTD.242.63+11.32 +4.90% SMHVANECK VECTORS SEMICONDUCTOR ETF291.12+4.50 +1.57% SOXXISHARES TRUST PHLX SEMICONDUCTOR ETF240.84+3.91 +1.65% SOXLDIREXION SHARES ETF TRUST DAILY SEMICONDUCTOR BULL 3X25.14+1.19 +4.97% INTCINTEL CORP.19.77-0.64 -3.14%

On the flip side, Intel shares fell after Trump called on CEO Lip-Bu Tan to resign, saying he is "highly conflicted," citing ties to China. 

Intel CEO Lip-Bu Tan

Intel CEO Lip-Bu Tan (Businesswire/Intel)

Intel told Reuters that the company and its chief executive are "deeply committed to the national security of the United States and the integrity of our role in the U.S. defense ecosystem."

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Even so, the Nasdaq Composite posted its 17th record close of 2025, making Invesco’s QQQ Trust Series ETF one of the most actively traded ETFs on Thursday. 

TickerSecurityLastChangeChange % QQQINVESCO QQQ TRUST - USD DIS569.24+1.92 +0.34%
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The Nasdaq has gained 10% this year, outpacing the S&P 500's 7.8% pop.