TSMC(US:TSM) Sou Hu Cai Jing·2025-11-24 06:06Core Insights - The article discusses the dilemma faced by technology companies in the context of the US-China tech rivalry, highlighting that many have chosen to align with the US despite potential repercussions from China [1][3] - It emphasizes that companies like TSMC and Samsung, while not US firms, have become dependent on US technology and equipment, leading to a loss of independence [3][5] - The article outlines the significant investments made by TSMC and Samsung in the US, which have increased dramatically from initial commitments, indicating a shift in their operational focus [5][8] Investment and Market Dynamics - TSMC's initial investment in a US fab was projected at $14 billion but has ballooned to a total of $165 billion due to ongoing US pressure [5][7] - Samsung's investment in Texas started at $17 billion but has also seen substantial increases under US demands, leading to a transfer of resources and technology to the US [8] - Both companies are now reconsidering their positions and contemplating a return to the Chinese market, although they may face skepticism from Chinese tech firms [9] Industry Trends - Chinese tech companies have shifted their focus towards self-reliance and domestic alternatives, with the self-sufficiency rate for domestic chips rising to 30% [10] - The article suggests that the ongoing US restrictions have solidified China's commitment to independent research and development, making it unlikely for foreign companies to regain their previous standing in the Chinese market [11]