On April 11, 2025, shares of major U.S. semiconductor companies, including Intel, Texas Instruments, Analog Devices, and Micron Technology, fell following new Chinese tariff regulations. The updated rules interpret the origin of semiconductor products based on the location of the fabrication plant rather than the packaging facility. This shift poses potential difficulties for U.S. companies with U.S.-based fabs, as adjusting fabrication locations is complex and costly. Intel’s stock dropped 5%, while Texas Instruments declined by 8% .​