TSMC(US:TSM) Sou Hu Cai Jing·2025-04-11 06:21Group 1 - The U.S. plans to impose a $1 billion fine on TSMC for allegedly violating export controls by manufacturing 3 million AI chips for a Chinese company without timely detection [1] - TSMC has significantly increased its investment in U.S. chip manufacturing, with plans to invest a total of $165 billion, including $100 billion recently announced for six chip factories and a research center [3][5] - The majority of TSMC's revenue, over 65%, comes from U.S. clients, making it imperative for the company to comply with U.S. demands to avoid potential tariffs of up to 100% on its products [5] Group 2 - TSMC's leadership has expressed concerns about becoming overly dependent on U.S. requirements, indicating that the company feels pressured and unable to refuse U.S. demands [7] - The situation highlights TSMC's precarious position in the U.S. market, where it is perceived as being exploited under the guise of incentives for chip manufacturing [7]