3 Companies Set to Benefit from Trump's Semiconductor Tariffs: AMD, Micron, and Taiwan Semiconductor Manufacturing Company

Three companies, Advanced Micro Devices (AMD), Micron Technology (MU), and Intel (INTC), are poised to benefit from President Trump's 100% tariff on imported chips, which could lead to strong revenue growth and AI demand. AMD's Q2 earnings beat on revenue with $7.69 billion, representing 31.70% YOY growth, and the company has a robust demand across its computer and AI product portfolio. Micron Technology also beat Q3 estimates with $9.3B in revenue and strong EPS. These companies are well-positioned to profit from the semiconductor industry's growth.

Advanced Micro Devices (AMD), Micron Technology (MU), and Intel (INTC) are experiencing a surge in stock prices and revenue growth, driven by President Trump's 100% tariff on imported chips and increasing AI demand. This development is poised to significantly benefit these companies, which are well-positioned to capitalize on the semiconductor industry's growth.

AMD reported Q2 earnings that beat on revenue with $7.69 billion, representing a 31.70% year-over-year (YOY) growth. The company's robust demand across its computer and AI product portfolio is expected to continue, driven by the growing need for high-performance computing and AI technologies [1].

Micron Technology also exceeded Q3 estimates with $9.3 billion in revenue and strong earnings per share (EPS). The company's focus on memory and storage solutions, particularly in the AI and data center markets, positions it well to benefit from the increasing demand for chips [1].

Intel's stock surged after CEO Lip-Bu Tan met with President Trump, who later praised Tan's strategic moves, including divesting assets and reallocating resources. The meeting followed news that AI chip giants Nvidia and AMD have agreed to pay 15% of their China chip revenues to the U.S. government in exchange for export licenses. This arrangement has sparked debate about its impact on the chip giants' business [2].

The 100% tariff on imported chips, with exemptions for companies manufacturing in the U.S., is expected to boost domestic manufacturing and reduce reliance on foreign production. Companies like Taiwan Semiconductor Manufacturing Co. (TSMC) and Samsung Electronics Co. have pledged significant investments in the U.S. to secure exemptions from the tariffs. Local players like QES Group Bhd may need to re-strategize their manufacturing plans in response to this development [3].

The market reaction to Trump's announcement has been mixed, with US futures rising and Asian tech stocks showing a mixed performance. While exemptions for companies like Apple and TSMC have calmed market fears, the broader implications of the tariffs on the global electronics supply chain remain uncertain. The US administration has indicated that separate levies on all products containing semiconductor chips could be unveiled as early as next week, which could further disrupt the supply chain [3].

In summary, President Trump's 100% tariff on semiconductor imports, with exemptions for US-based manufacturers, is a significant development that could reshape the global electronics supply chain. Companies like AMD, Micron Technology, and Intel are well-positioned to benefit from this policy shift and the growing demand for AI technologies.

References:
[1] https://www.ainvest.com/news/semiconductor-stocks-surge-intel-ceo-meeting-trump-nvidia-amd-ai-deal-2508/
[2] https://www.cnbc.com/2025/08/11/trump-nvidia-amd-china-chip-revenue-deal-implications.html
[3] https://www.cnbc.com/2025/08/13/nvidia-amd-and-apple-big-tech-is-paying-its-way-out-of-trump-tariffs.html