The US semiconductor industry has currently received partial exemption in the new round of tariff policies, providing temporary relief for manufacturers of GPUs, chip modules, and related equipment that rely on imports.

Specifically, what does the tariff exemption mean? The impact on the supply chain has been delayed. Companies dependent on overseas chip supplies won't face a sudden surge in costs in the short term, and the risk of supply chain bottlenecks has accordingly decreased. For the entire AI computing infrastructure, this is equivalent to gaining a buffer period.

However, this "bonus" will not last indefinitely. The US government's Section 232 investigation is still ongoing, and subsequent tariff policies are likely to include new conditions—such as requiring companies to commit to increasing domestic production investments. Once these conditions are implemented, corporate capital expenditure decisions and factory site selections will be influenced by policy, and cost structures will face a reshuffle.

In other words, the current calm is temporary. Industry practitioners engaged in long-term planning need to prepare psychologically in advance, as the next move in policy could lead to significant changes in the industry landscape.