Bloomberg Daybreak: US Edition Trump Chip Tariffs; OpenAI and Broadcom Take on Nvidia
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Sep 5, 2025 President Trump hints at new semiconductor tariffs while tech giants like Zuckerberg and Cook pledge to bolster U.S. AI spending. A juicy collaboration between Broadcom and OpenAI aims to produce AI accelerators, challenging Nvidia's stronghold in the chip market. Traders brace for a crucial jobs report that could lead to interest rate cuts, reflecting optimism in the market. The podcast captures the pulse of tech investment and the evolving landscape of AI, intertwined with political maneuvers.
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Tariffs Loom, Carve-Outs Tied To U.S. Investment
- President Trump warned that substantial tariffs on chip imports are coming soon and suggested carve-outs for companies investing in the U.S..
- Tech leaders at the White House pledged major U.S. investments to avoid or be spared those levies.
Big Tech Signals Massive US Investment
- Mark Zuckerberg told the president Meta plans to invest heavily in the U.S., citing roughly $600 billion through 2028.
- Executives used the White House event to signal investment commitments that could influence tariff exemptions.
OpenAI Teams With Broadcom To Challenge Nvidia
- OpenAI and Broadcom are partnering to design and produce AI accelerator chips that will ship starting next year.
- The move aims to challenge NVIDIA's dominance in AI hardware and diversify supply for datacenter AI.