TSMC(US:TSM) 半导体行业观察·2025-10-02 01:18Core Viewpoint - Taiwan is resisting Washington's pressure to transfer half of its semiconductor production capacity to the U.S., asserting that its chip manufacturing strength serves as a "silicon shield" against external threats [3][4]. Group 1: Taiwan's Semiconductor Industry - Taiwan's semiconductor giant TSMC supplies a significant portion of advanced semiconductors globally, particularly to major clients like Nvidia and Apple [3]. - The Taiwanese government, represented by Vice President Zheng Lijun, has firmly stated that it will not agree to the U.S. demand for 50% domestic chip production, emphasizing that no such commitment was made during recent trade negotiations [3][4]. - TSMC has previously invested $12 billion in Phoenix to build advanced chip manufacturing facilities, and its total investment has now reached $165 billion, reflecting its commitment to expanding production capabilities [4]. Group 2: U.S. Demands and Reactions - U.S. Commerce Secretary Howard Lutnick has called for a balanced distribution of chip production between domestic and U.S. facilities, which has raised concerns among the Taiwanese public and added tension to ongoing trade talks [3][4]. - Lutnick's comments highlight the U.S. goal of increasing its domestic chip manufacturing market share to 40% or even 50%, indicating a strategic shift in semiconductor supply chain management [4]. Group 3: Economic Implications - Experts warn that transferring significant production capacity to the U.S. could weaken Taiwan's semiconductor ecosystem and disrupt its supply chain integrity, which has been built on a highly concentrated industry structure [5]. - The potential short-term benefits of lower tariffs on exports to the U.S. may not outweigh the long-term risks associated with such a shift in production strategy [5].