11:55 AM EDT, 04/11/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

China's Semiconductor Industry Association announced that chip import origins will be determined by manufacturing location rather than design origin to determine the impact of tariffs, significantly impacting U.S. analog chipmakers with substantial China exposure. Companies most affected include TXN (19% of revenue from China), ADI (23%), and INTC (29%), among others, as their U.S.-based manufacturing makes them subject to Chinese tariffs. We believe this policy shift reflects China's growing confidence in its domestic trailing-edge manufacturing capabilities, potentially reducing the addressable market for U.S. analog firms. U.S. fabless companies like NVDA, AMD, and QCOM appear better positioned as their Taiwan-manufactured chips should avoid these tariffs. We think affected companies may partially mitigate the impact through global operations while we think the news also solidifies the importance that leading-edge U.S. IP (e.g., GPUs) still has to the China economy.