17 July 2025 U.S. Semiconductors and Semiconductor Capital Equipment U.S. Semiconductors: A 101 on Section 232 Arpad von Nemes +1 917 344 8461 arpad.vonnemes@bernsteinsg.com On top of the country-specific tariffs that Trump has been busily threatening to impose over the last week, semiconductor investors are awaiting the results of the ongoing sector-specific Section 232 investigation that was initiated on April 1, and which may impose tariffs on non-US semiconductors and semicap as well as, potentially, th ...