President Donald Trump signed a proclamation on Wednesday to address national security concerns with respect to imports of semiconductors, and imposed a 25% tariff on certain advanced computing chips, such as the Nvidia H200 and AMD MI325X, according to a fact sheet released by the White House.

This 25% tariff will not apply to chips that are imported for the U.S. technology supply chain and for boosting domestic manufacturing capacity for derivatives of semiconductors, according to the White House document.

Trump, in the near future, may also impose broader tariffs on imports of semiconductors and their derivative products to incentivize domestic manufacturing, according to the fact sheet.

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(Reporting by Ismail Shakil, Bhargav Acharya and Chris Sanders; Editing by Caitlin Webber)