FILE PHOTO: Thomas Caulfield, CEO of semiconductor and chipmaker GlobalFoundries, attends his company's IPO at the Nasdaq MarketSite in Times Square in New York City, U.S., October 28, 2021. REUTERS/Brendan McDermid/File Photo
(Reuters) - GlobalFoundries Chief Executive Officer Thomas Caulfield said on Tuesday that U.S. tariffs on foreign-made chips could help U.S. chip manufacturers by boosting demand for domestically made chips.
Caulfield told an investor conference hosted by Morgan Stanley the $52.7 billion CHIPS and Science Act and an investment tax credit on chip-making equipment had helped boost U.S. capacity to make chips. Tariffs that would make foreign chips more expensive would help steer customers toward the chips being produced in U.S. factories, he added.
