US tariffs may cost chip equipment makers more than $1 billion, industry estimates

U.S. President Donald Trump’s new tariffs could cost U.S. semiconductor equipment makers more than $1 billion a year, according to industry calculations discussed with officials and lawmakers in Washington last week, two sources familiar with the matter said.

Why it matters

Chip equipment makers have already lost billions in revenue after former U.S. President Joe Biden implemented a series of export controls aimed at curbing the shipment of advanced semiconductor manufacturing equipment to Chinese entities.