0323 GMT - Taiwan chip makers TSMC and GlobalWafers should be exempt from the U.S.'s 100% semiconductor tariff, given their U.S. operations and ongoing expansion plans, Goldman Sachs analysts say in a research note. This could position TSMC and GWC more favorably among major U.S. customers, offering better cost advantages, they say. Meanwhile, as investors have been concerned about tariff uncertainties for months, the announcement helps remove valuation overhangs, they add. TSMC's share price has underperformed other AI names such as SK Hynix and Nvidia, partly due to geopolitical uncertainties, they say. The 100% tariff could also make TSMC's mature node's pricing--previously considered to be at a premium compared to peers--more competitive, they add. (sherry.qin@wsj.com)

(END) Dow Jones Newswires

August 07, 2025 23:23 ET (03:23 GMT)

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