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Trump’s U.S. chip push squeezes TSMC margins despite record AI-driven profits
Jul 22, 2026
< 1 min read
by Nellius Irene
for CryptoPolitan
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U.S. President Trump's push and threat of tariffs to relocate semiconductor manufacturing to the United States is driving up Taiwan Semiconductor's (TSMC) operational expenses and squeezing profit margins despite a stellar quarterly report. Higher chip production costs and potential supply constraints could raise prices for crypto mining hardware and ASICs, reducing mining profitability and posing a near-term negative impact on crypto infrastructure and adoption.
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U.S. President Donald Trump has been urging semiconductor companies to expand manufacturing in the United States, using the threat of tariffs to encourage firms to relocate production. His push, however, is now driving up operational expenses and cutting down profit margins at Taiwan Semiconductor Manufacturing Company (NYSE: TSM). The Taiwanese chip giant posted stellar quarterly...
