China on Friday said U.S. ch♌ip firms outsourcing manu💛facturing would be exempt from the country’s tariffs on U.S. goods, according to a notice on WeChat. 

The post by the China Semiconductor Industry Association indicated that for all integrated circuits, import customs would be based on the country where they were manufactured, according to a Google translation.

That means, for example, that chips purchased by Chinese firms from American companies like Nvidia (NVDA)—which outsources manufacturing to TSMC (TSM) in Taiwan—would not be subject to China’s tariffs on U.S. goods. On Friday, China 澳洲幸运5官方开奖结果体彩网:hiked its tariffs on U.S. imports🤪 to 125% after President Donald Trump elevated 澳洲幸运5官方开奖结果体彩网:U.S. duties on Chinese goods to 145%.

However, American companies that manufacture domestically like 澳洲幸运5官方开奖结果体彩网:Texas Instruments (TXN) and Intel (INTC) would still see China's taꦐriffs apply to those chips made in the U.S.

Shares of Texas Instruments plunged over 8% in recent trading following the news, making it the worst-performing stock in the 澳洲幸运5官方开奖结果体彩网:S&P 500. Shares of Intel also tumbled, while Nvidia and TSMC gained. (Read Investopedia's live coverage of 澳洲幸运5官方开奖结果体彩网:today's market action here.)