ByteDance Unveils New AI Voice Assistant for ZTE Smartphones 
Firelight Launches as First XRP Staking Platform on Flare, Introduces DeFi Cover Feature 
Taiwan Opposition Criticizes Plan to Block Chinese App Rednote Over Security Concerns 
AI-Guided Drones Transform Ukraine’s Battlefield Strategy 
Microchip Technology Boosts Q3 Outlook on Strong Bookings Momentum 
Tesla Expands Affordable Model 3 Lineup in Europe to Boost EV Demand 
Airline Loyalty Programs Face New Uncertainty as Visa–Mastercard Fee Settlement Evolves 
Trump Administration to Secure Equity Stake in Pat Gelsinger’s XLight Startup 
Michael Dell Pledges $6.25 Billion to Boost Children’s Investment Accounts Under Trump Initiative 
U.S. Repatriation Flight Carrying 266 Venezuelan Migrants Lands in Caracas 
U.S.-Russia Talks Leave Ukraine Peace Efforts Uncertain 
Samsung Launches Galaxy Z TriFold to Elevate Its Position in the Foldable Smartphone Market 
Trump and Lula Discuss Trade, Sanctions, and Security in “Productive” Phone Call 
Trump Administration Halts Immigration, Green Card, and Citizenship Processing for 19 Countries 
IKEA Launches First New Zealand Store, Marking Expansion Into Its 64th Global Market 
Pentagon Probe Finds Hegseth’s Use of Signal Risked Exposing Sensitive Yemen Strike Details 
Netflix Nearing Major Deal to Acquire Warner Bros Discovery Assets 
GlobalFoundries (NASDAQ:GFS) CEO Thomas Caulfield stated that U.S. tariffs on foreign-made chips could drive demand for domestically produced semiconductors. Speaking at a Morgan Stanley investor conference, Caulfield emphasized that while the $52.7 billion CHIPS and Science Act and investment tax credits have strengthened U.S. chip-making capacity, tariffs could further incentivize companies to source chips from U.S. manufacturers.
"I don’t think one or the other is enough," Caulfield said. "You need the CHIPS Act and investment tax credits to build capacity, and tariffs to create demand dynamics that bring manufacturing home."
His remarks follow President Donald Trump’s recent press conference with Taiwan Semiconductor Manufacturing Co. (TSMC), where the company announced plans for new U.S. factories and a $100 billion investment. Commerce Secretary Howard Lutnick stated that TSMC’s expansion aims to tap into the U.S. market while avoiding potential tariffs.
Caulfield expects a mix of tariffs and government incentives to shape the industry. "As we navigate the current landscape, we’ll find that a combination of both is key to achieving the desired outcome," he added.
The semiconductor sector is closely watching potential policy shifts that could impact CHIPS Act grants and broader industry dynamics.
