Feb 9 (Reuters) - U.S. President Donald Trump's administration plans to spare firms such as Amazon, Google and Microsoft from upcoming tariffs on chips as they build AI data centers, the Financial
US plans Big Tech carve-out from next chip tariffs, FT reports
US Tariff Plans and Big Tech Exemptions
Feb 9 (Reuters) - U.S. President Donald Trump's administration plans to spare firms such as Amazon, Google and Microsoft from upcoming tariffs on chips as they build AI data centers, the Financial Times reported on Monday, citing people familiar with the matter.
Details of the Exemption
The carve-outs would be provided by the Commerce Department and tied to investment commitments made by the Taiwan Semiconductor Manufacturing Company, the report added.
TSMC's Role in the Investment
Plans are in flux and had not been signed by Trump, the Financial Times cited an administration official as saying.
Current Status of Tariff Plans
TSMC, the world's largest contract chipmaker, is investing $165 billion to build factories in the U.S. state of Arizona.
(Reporting by Costas Pitas; Editing by Caitlin Webber and Chris Reese)
