Taiwan Semiconductor Manufacturing Co Ltd

2330: XTAI (TWN)

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US Tariffs Hit Smartphone Component Makers More Than Semiconductor Manufacturers

Phelix Lee

Apr 3, 2025

On April 2, US President Donald Trump announced reciprocal tariffs, imposing 46% tariffs on Vietnam, 34% on China, 26% on India and 24% on Malaysia. Smartphone component suppliers in our coverage tanked double digits on April 3 Asia trading. Semiconductor foundries fell 3%-6% in the US aftermarket.

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We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters.

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Taiwan Semiconductor Manufacturing Co Ltd

US Tariffs Hit Smartphone Component Makers More Than Semiconductor Manufacturers

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