Texas Instruments falls as US-based manufacturing exposes it to higher tariffs

Shares of chipmaker Texas Instruments TXN.O fall 3.2% to $151.66 premarket

The Chinese Semiconductor Industry Association exempts U.S. chipmakers that outsource manufacturing from China's retaliatory tariffs

The move will benefit chip firms like Qualcomm QCOM.O and AMD AMD.O that outsource to TSMC, shielding them from the tariff scuffle between the two largest economies

The CSIA rules the country of origin is where the wafer fabrication plant is located, making TI, with its U.S.-based fabricators, liable for tariff rates of 84% or higher, according to EETop, an information platform and forum for Chinese chipmakers

As of last close, TXN dowm 16.5% YTD