Taiwan Semiconductor Manufacturing (NYSE: TSM), popularly known as TSMC, is having a forgettable 2025 so far despite starting the year on a bright note. TSMC’s pullback is a result of the overall negativity in tech stocks on the back of the tariffs imposed by the Trump administration. It is feared that the tariff war will lead to an increase in manufacturing costs for technology companies that make products outside the U.S., bumping up the cost of deploying artificial intelligence (AI) data centers and forcing tech giants to rein in their spending.