ON Semiconductor shares fell 11.3% in the afternoon session on April 3, 2025, following an announcement by President Trump. The President stated that the U.S. would impose 'reciprocal tariffs' on all U.S. imports, set at a minimum rate of 10%.
This macro-level development created significant concern across industries, particularly for companies built on global supply chains. Chip stocks, including ON Semiconductor, were notably affected by the news.
The new tariffs threaten to impact growth and profits for firms with factories or significant market exposure in regions like Asia. This introduces considerable uncertainty regarding future operational costs and market access for semiconductor manufacturers.
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