Key Takeaways Chip stocks advanced Thursday after President Donald Trump said companies that commit to manufacturing in the U.S. will be exempt from 100% tariffs on imported semiconductors.Trump's announcement was light on details about how the tariffs and exemptions would work,

President Donald Trump stunned markets Wednesday by announcing 100% tariffs on imported semiconductor chips — but major chip stocks rallied. Taiwanese chip giant TSMC's stock closed 4.9% higher. In South Korea, Samsung Electronics ended 2.5% higher while SK Hynix reversed losses of over 3% in early trade to close 1.4% up.

Chip stocks jumped on Thursday after President Donald Trump eased his rhetoric on semiconductor tariffs. But Intel stock fell.

Intel’s shares slumped Thursday as President Donald Trump said in a social media post that the chipmaker’s CEO must resign immediately.

Intel INTC stock fell Thursday after President Donald Trump called the chip giant's chief executive, Lip-Bu Tan "highly conflicted" and "must resign." "The CEO of INTEL is highly CONFLICTED and must resign, immediately. There is no other solution to this problem," Trump said in a Truth Social post.