讀後心得

On the 2nd, U.S. President Donald Trump signed an executive order imposing "reciprocal tariffs" on multiple countries, with tariffs on Taiwan increasing by 32%. China immediately retaliated against U.S. goods, leading to an escalation of the global tariff war and heightened market panic. Xie Jinhe, Chairman of CaiXun Media, pointed out that the semiconductor industry is the most affected. Since China launched Deepseek earlier this year, the global semiconductor market value has significantly evaporated, with stocks of companies like Nvidia and AMD seeing substantial declines. TSMC is also facing severe pressure, with a market value evaporating by $42.3296 billion. This impact has far-reaching consequences for Taiwan's industry.

The President of the United States recently signed an executive order implementing "reciprocal tariffs" on multiple countries, with tariffs on Taiwan increased by 32%. Subsequently, China also imposed "retaliatory tariffs" on American goods, leading to an escalation of global trade tensions and heightened market panic. Industry analysis indicates that the semiconductor industry has become the hardest hit in this wave of tariff wars.

Analysis points out that the impact on the global semiconductor industry is particularly severe, and the origins of this can be traced back to China's Deepseek plan launched earlier this year. When Trump first took office on January 20, he invited several business leaders, including executives from well-known tech companies, to jointly launch a $500 billion AI development plan, which ultimately dealt a heavy blow to the semiconductor industry, significantly reducing Nvidia's market value.

• ARM's stock price dropped by 55.29%, resulting in a market value evaporation of $109.578 billion.
• Oracle fell by 35.98%, with a market value loss of $199.8 billion.
• Open AI under Microsoft impacted Microsoft's stock price, leading to a market value reduction of $809.6 billion.

Notably, Nvidia's stock price plummeted from $153.13 to $92.01, with a market value evaporation reaching $1.488 trillion. AMD was also significantly affected, with its stock price falling from $227.3 to $83.67, resulting in a market value loss of $232.68 billion. Moreover, AVGO's stock price plunged from $251.88 to $139.17, with its market value decreased by $529.7 billion.

Additionally, TSMC's stock price also sharply declined from $226.4 to $144.84, and before the previous trading day's opening, TSMC's ADR had already decreased by 36%, resulting in a market value loss of $423.296 billion. The Philadelphia Semiconductor Index also fell significantly, dropping from 5931.83 to 3529.6, a decline of 40.6%.

Analysis indicates that the semiconductor industry's impact can be described as dual, with profound effects that pose significant challenges to Taiwan's industrial development. Now, due to the construction of AI technologies, major data centers from companies like Microsoft may begin to feel the impact, and although TSMC holds an important position in the market, it also faces a challenging operating environment.