The Trump administration aims to encourage chipmakers to produce semiconductors domestically at volumes matching their customers’ current overseas imports, or face tariffs, according to The Wall Street Journal. President Donald Trump has intensified efforts to bring semiconductor manufacturing back to the U.S., offering tariff exemptions of approximately 100% on chips for companies that manufacture locally. Reuters:‎Companies that fail to sustain a 1:1 domestic-to-import ratio over time would face tariffs, the Journal said. U.S. Commerce Secretary Howard Lutnick floated the idea with semiconductor executives, telling them it might be necessary for economic security, the Journal said. Trump’s moves have spurred domestic and international companies to invest hundreds of billions of dollars in expanding U.S. manufacturing.