TSMC(US:TSM) Youtube·2025-09-29 17:14Group 1: Semiconductor Industry - The president is discussing potential tariffs on foreign electronics, particularly affecting companies like Taiwan Semiconductor Manufacturing Company (TSMC), which is a major non-US chip maker [1] - TSMC has seen a reduction in its position due to concerns over exposure, despite it being the largest position for some investors [1] - The semiconductor industry is facing challenges with onshoring plans, as companies like TSMC and Micron are downsizing their multi-billion dollar plans due to anticipated tariffs on exports [4] Group 2: Defense Industry - Defense stocks are experiencing an increase, attributed to the rise in missile production linked to ongoing conflicts, particularly in Ukraine and Israel [2] - Aerospace and defense companies such as Lockheed Martin and Northrop Grumman are benefiting from this uptick in production [2] - The potential for conflict in China is also driving increased production in the defense sector, highlighting a disconnect with the semiconductor industry, particularly TSMC, which operates in a region central to these tensions [3]