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Just days after announcing new tariffs, the Trump administration exempted smartphones, laptops, processors, displays, and memory chips.
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South Korea has unveiled an expanded support package worth Won33tn ($23.25bn) to bolster its semiconductor industry.
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Concerns over a potential US recession this year are growing as investors assess the impact of Trump's tariff policies.
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American chipmaker onsemi has decided to terminate its proposal to acquire rival Allegro MicroSystems for $35.10 per share.
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Apple is preparing to implement a new system that will analyse user data directly on its devices, aiming to strengthen AI capabilities.
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Tech giant Intel has agreed to sell 51% of its programmable chips unit, Altera, to technology investment firm Silver Lake.
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Chipmaker NVIDIA is set to manufacture up to $500bn of AI supercomputers within the US over the next four years.
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Recent reciprocal tariff blows on imported goods between the US and China precipitated a devaluation of Apple's market capitalisation.
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While Trump's import tariffs overhaul could have a seismic impact on service providers, it will be US consumers who feel the near-term pain.
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The US Department of Defense (DoD) has announced the immediate termination of $5.1bn worth of defence consulting and IT contracts.
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