US Manufacturing

President Trump reiterated his intention to impose tariffs on semiconductor imports from companies not establishing or expanding U.S. manufacturing. At a White House dinner with tech leaders like Apple’s Tim Cook and Meta’s Mark Zuckerberg, Trump indicated companies investing domestically, like Apple, might be exempt. This follows previous tariff threats and aligns with the U.S. push to onshore semiconductor production, incentivized by the CHIPS Act. While details remain unclear, the event highlights the role of tech in shaping economic policy, with AI also a key discussion point.

A former Motorola CEO discussed the difficulties of reviving US manufacturing, citing the company’s failed 2013 attempt to assemble Moto X smartphones in Texas. Despite employing 4,000 workers, the factory closed within a year due to disappointing sales. Challenges included a fragmented supply chain reliant on Asian components, leading to high transportation costs. Crucially, talent acquisition proved difficult, with extensive training needed and a prevailing sentiment that factory work isn’t desirable, hindering recruitment and retention.

Faraday Future (FFAI) celebrated its 4th public listing anniversary with a business update from Founder YT Jia, highlighting over 10,000 paid pre-orders for the FX Super One MPV. Jia emphasized the Super One’s innovative features, including its “First Class EAI-MPV” category, AI capabilities, and focus on safety and luxury. The company showcased the FX Super One and FF 91 on Capitol Hill, advocating for American manufacturing and innovation. Faraday Future is also exploring Web3 applications and will present the FX Super One at Pebble Beach.