讀後心得

U.S. President Trump recently announced a 32% reciprocal tariff on multiple countries, leading to an escalation of global trade tensions, particularly impacting the semiconductor industry significantly. The market reacted fiercely, with Taiwan's TSMC stock price dropping from $226.4 to $144.84, wiping out $423.296 billion in market value. At the same time, companies like Nvidia and AMD also faced sharp declines, resulting in substantial reductions in market capitalization. Experts warn that this tariff war will impose heavy pressure on Taiwan's semiconductor industry.

On the 2nd, U.S. President Trump signed an executive order, announcing the implementation of "reciprocal tariffs" against multiple countries. Taiwan's tariffs were raised by 32%, and China subsequently retaliated with "counter-tariffs" on U.S. goods. The global tariff war quickly escalated, exacerbating market panic. The chairman of Financial News Media analyzed that the industry most affected is semiconductors, with everything starting from January 27 when China announced the Deepseek plan.

It was mentioned that on January 20 when Trump took office at the White House, he invited Masayoshi Son, Oracle's Ellison, and Open AI's Altman to jointly launch the Stargate plan, preparing to invest $500 billion in the development of artificial intelligence. Soon after, the launch of Deepseek significantly impacted the semiconductor industry, especially with Nvidia being the first to bear the brunt.

According to statistics, on January 20, the stock price of ARM, which was with Trump, dropped by 55.29%, evaporating $109.578 billion in market value; Oracle declined by 35.98%, losing $199.8 billion in market value; and Microsoft’s Open AI also impacted its stock price, with a market value loss of $809.6 billion. The combined market value loss of the three companies standing next to Trump that day exceeded one trillion dollars.

Nvidia's stock price plummeted from $153.13 to $92.01, with a market value evaporation of $1.488 trillion. AMD's stock price also dropped from $227.3 to $83.67, a decline of 63.19%, with a market value shrink of $232.68 billion; AVGO's stock price similarly suffered, crashing from $251.88 to $139.17, with a market value reduction of $529.7 billion.

In Taiwan, TSMC's stock price was also affected, dropping from $226.4 to $144.84, with its ADR down 36%, and a market value evaporation of $423.296 billion. The Philadelphia semiconductor index significantly fell by 40.6%.

An analysis pointed out that this time the semiconductor industry is facing a huge impact, as semiconductors are a crucial pillar supporting Taiwan's economy. With the development of the AI market, TSMC may face greater challenges in the future.