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Former President Donald Trump is expected to meet with heads of some of America’s largest technology companies next week, who are grappling with the possibility of new import levies or more stringent export regulations which may jeopardize their operations.
People from HP, Intel, IBM, and Qualcomm Inc. told others that they were planning to meet the administration on Monday, according to sources who requested not to be named as the information is not public.
"In addition to other issues, we expect to discuss trade policy and manufacturing in the United States," a representative from HP said.
Others from Intel, IBM, and Qualcomm Inc. would not comment. The representative from the White House could not be reached for a comment.
The administration in the White House has suggested trade policy proposals that are likely to change everything for the Computer hardware market, like imposing taxes and making manufacturing centers like China more expensive, which turns out leads to fulfillment disruption. They also have to decide how much advanced technology for artificial intelligence data center exports will be controlled, as those centers are being built all over the globe.
Trump has said he would maintain tariffs on trade partners which, in his view, operate with a skewed balance in place. This, alongside with his other policies, would make it harder for the globally integrated electronics industry to function in the manner efficient for them.
The US government is seeking public engagement on an AI action plan they are designing that is intended to “sustain and enhance” American global leadership in the field.
Revocation of the 2022 bipartisan Chips Act is one of the legislative measures that Trump has been pushing Congress to pass. This Act allows for massive funding, alongside with other incentives, to be given to companies such as Intel and Taiwan's Semiconductor Manufacturing Company.
Reiterating his strong opposition, Trump still remarked, “Your Chips Act is a horrible, horrible thing” during the Congress address focusing on the repeal and begging House Speaker Mike Johnson to assist in the cancelation. He said Schumer would probably push back against this request considering that he was the one who engineered the law.
In a less formal setting, Trump had a meeting with TSMC this week where the chip manufacturer agreed to invest another $100 billion into US plants. The government has lauded this agreement as proof that the US is able to utilize tariffs for investment stimulus instead of the Chips Act discretionary spending.
