TSMC(US:TSM) Chan Ye Xin Xi Wang·2025-11-11 06:04Group 1 - The US government has suspended its investigation into China's shipbuilding industry for one year, leading China to reciprocate by suspending port fees on US vessels, indicating a de-escalation of tensions between the two countries [1][2] - The US Trade Representative's office announced that starting from November 10, it will halt the 301 investigation into China's dominance in maritime, logistics, and shipbuilding sectors for one year, which aligns with China's announcement to suspend special port fees on US ships [1][2] - Analysts noted that the suspension of port fees could prevent losses amounting to billions of dollars, as the fees were set to be imposed on Chinese-owned or operated vessels [2] Group 2 - The Philippines is set to adjust its rice import tariffs based on international price fluctuations, with a new guideline effective from January 1, 2026 [4][5] - The current 15% rice import tariff has been extended until the end of this year, and the new tariff structure will allow for adjustments of 5 percentage points based on a 5% change in international rice prices [5][6] - The Philippines has recently banned rice imports until the end of the year to protect local farmers, especially during the peak rice season [8] Group 3 - Spain's King Felipe VI is on a state visit to China, marking the first visit by a Spanish monarch in 18 years, aimed at strengthening bilateral relations amid increasing tensions between Spain and the US [11][12] - The visit coincides with the 20th anniversary of the establishment of a comprehensive strategic partnership between China and Spain, with expectations of further consolidating political and economic ties [12] - Spain's trade deficit with China is significant, with imports reaching €45 billion and exports only €7.5 billion, prompting Spain to seek a more balanced trade relationship [13] Group 4 - Germany is reportedly planning to reassess its trade policy with China, focusing on energy, raw materials imports, and Chinese investments in critical infrastructure [14][16] - This initiative comes amid rising trade tensions between the two largest economies, with a committee expected to evaluate trade relations and provide recommendations [15][16] - The committee will examine whether adjustments to foreign trade rules are necessary, reflecting a shift in Germany's long-standing view of China as a partner in promoting open global trade [19] Group 5 - The Chinese government has introduced measures to promote private investment, particularly in low-altitude economy infrastructure and government procurement for small and medium-sized enterprises [20][21] - The measures include ensuring that at least 40% of the budget for engineering procurement projects is reserved for small and medium-sized enterprises [22][24] - The government aims to enhance support for private investment projects through various financial mechanisms, including real estate investment trusts (REITs) [24] Group 6 - The European semiconductor market showed strong growth in Q3 2025, with sales reaching $14.07 billion, a 7.2% increase from the previous quarter and a 6% year-on-year growth [51][52] - The growth was primarily driven by memory chips, which saw a quarterly increase of 17.3%, and analog semiconductors, which grew by 7.1% [51] - Despite strong growth in dollar terms, the sales figures in euros showed a more modest increase due to currency fluctuations [52] Group 7 - Texas Instruments has opened its second packaging and testing factory in Malaysia, expected to package and test billions of chips annually, enhancing its global supply chain [54][55] - The new facility, TIEM2, will utilize advanced automation technology and is part of TI's strategy to meet 90% of its packaging and testing needs internally by 2030 [55] - The factory's establishment reflects TI's long-term commitment to Malaysia, where it has operated for over 50 years [55] Group 8 - Micron Technology has announced significant delays in its wafer fabrication plant project in New York, now expected to begin production in 2033, five years later than initially planned [56][58] - Despite the delays in New York, Micron is accelerating the construction of its Idaho wafer fabrication plant, reallocating funds from the CHIPS Act to support this facility [57][58] - The revised timeline indicates a strategic shift in Micron's project priorities, focusing on the Idaho facilities while postponing the New York project [58] Group 9 - GlobalFoundries has signed a technology licensing agreement with TSMC to acquire GaN process technology, aiming to enhance its capabilities in power components for data centers, industrial, and automotive markets [59][60] - The move is part of GlobalFoundries' strategy to address the growing demand for high-efficiency, high-power-density solutions as silicon technology approaches its limits [60][61] - The integration of GaN technology is expected to accelerate the development of new power chips, supporting various applications including electric vehicles and renewable energy [61][62]