Core Viewpoint - United Microelectronics Corporation (UMC) anticipates a 7% increase in wafer shipments for the current quarter compared to the previous quarter, with capacity utilization rising to 75%, indicating stable order behavior from clients despite uncertainties in U.S. tariff policies [1][2]. Group 1: Business Outlook - UMC's CFO noted that the uncertainty surrounding U.S. tariffs has created pressure on the business outlook for the second half of the year, but there has been no significant change in market demand [1]. - Some clients are adopting a wait-and-see approach due to the escalating trade tensions, while others are moving forward with orders, resulting in limited net impact for the second quarter [1]. Group 2: Financial Performance - UMC reported its lowest profit in about 19 quarters, with a net profit decrease of 8.5% quarter-over-quarter and 25.6% year-over-year, amounting to NT$77.8 billion (approximately $2.394 billion) [2]. - Earnings per share fell from NT$0.68 in the previous quarter and NT$0.84 in the same quarter last year to NT$0.62 [2]. Group 3: Market Demand and Projections - The company expects gross margin to rebound to around 30% in the current quarter, up from 26.7% in the previous quarter, unaffected by typical one-time price reductions at the beginning of the year [2]. - Demand for chips in the communication, computing, and consumer electronics sectors is expected to drive factory utilization rates higher, which were only 69% in the last quarter [2]. - UMC projects a revenue growth of over 3% for the entire year, surpassing the low single-digit percentage growth expected in the global foundry industry [2].

Core Viewpoint - South Korean companies like Samsung Electronics and SK Hynix are closely monitoring the potential announcement of additional tariffs on semiconductor imports by the Trump administration, which could significantly impact their export revenues to the U.S. market [1][3]. Group 1: Export Statistics - In the previous year, South Korea's exports to the U.S. totaled $29.62 billion, with semiconductor exports accounting for $10.75 billion (approximately 15.323 trillion KRW) and computer hosts and SSDs contributing $6.22 billion (approximately 8.866 trillion KRW), together representing about 57% of the total exports [1]. - The U.S. Customs and Border Protection (CBP) announced a 90-day delay on tariffs for memory and solid-state drives, but this delay is temporary and will be reviewed as part of the upcoming semiconductor tariff discussions [2][3]. Group 2: Tariff Implications - The additional tariffs, if implemented, could lead to increased costs for semiconductor products, potentially reducing demand and shipment volumes for memory and system semiconductors [3]. - The U.S. Customs will impose tariffs based on the country of assembly and production, with significant rates for products from Vietnam (46%), Taiwan (32%), and mainland China (125%) [2]. Group 3: Industry Response - Industry insiders in South Korea express concerns about the limited ability of individual companies to respond to U.S. trade policies, highlighting the need for a systematic national-level response to trade policy challenges [3].

长按即可参与 A股三大指数集体反弹，截至午盘，沪指涨0.86%，深成指涨0.91%，创业板指涨0.82%。全市场半日成交额 8621亿元，全市场超4800只个股上 涨。 社融以及最新的贸易数据向好，支撑市场走强，但是特朗普政府关税政策的不确定性对市场仍形成了一定扰动。 一起来看最新的消息。 01 特朗普又变卦！ 这条消息也在周末刷屏了，但是事件马上迎来反转。就在刚刚， 特朗普于当地时间4月13日（周日）表示，下周将宣布半导体关税税率，并将在不 久的将来生效。 美国商务部长霍华德·卢特尼克（Howard Lutnick）也表示：特朗普政府免除智能手机、电脑和其他电子产品全面"互惠"关税的举措只是一项临时 措施，这些设备将被即将实施的基于行业的关税所覆盖。 "这不是永久性的豁免。（特朗普）只是在澄清， 这些不是各国可以通过谈判解决的。这些都是事关国家安全的东西， 我们需要在美国制造，"他 在一档节目中说。 根据卢特尼克的说法，被排除在外的设备，如智能手机、电脑、路由器和其他电子产品，可能会被包括在特朗普总统即将对半导体征收的关税范围 内。 "所以，他（特朗普）所做的是， 这些产品虽不受互惠关税的限制，但它们被包括 ...

美国总统特朗普：在某些公司方面，半导体关税将会有灵活性，但尚不明确。 ...

Core Viewpoint - The article discusses TSMC's accelerated efforts to establish semiconductor manufacturing facilities in the United States in response to potential tariffs on chips, highlighting the company's strategic shift to meet customer demands and mitigate risks associated with U.S. trade policies [1][2]. Group 1: TSMC's U.S. Expansion Plans - TSMC is expediting the construction of its third wafer fab in Arizona, which is set to break ground in June, a year ahead of the original schedule [1]. - The company plans to invest $165 billion in the U.S., which includes advanced process wafer fabs and advanced packaging facilities, aiming to reduce the cost pressures from potential tariffs for U.S. clients [2]. - TSMC has begun placing orders for new equipment from Taiwanese suppliers for its advanced packaging plants in the U.S., indicating a proactive approach to its manufacturing strategy [2]. Group 2: Impact of U.S. Trade Policies - The article notes that the Trump administration's shifting tariff policies may soon target the semiconductor industry, prompting TSMC's clients, including major companies like Apple and Qualcomm, to push for increased manufacturing in the U.S. [2]. - The potential for tariffs on semiconductor chips is driving TSMC to prioritize its U.S. manufacturing capabilities to better serve its American customers [2]. Group 3: Adjustments in Global Operations - TSMC's second wafer fab in Kumamoto, Japan, is reported to be delayed, with construction now expected to start within 2025, reflecting the company's flexible approach to global expansion based on market dynamics [4]. - The delay in the Kumamoto facility is attributed to geopolitical factors and a shift in customer investment preferences towards U.S. manufacturing, as well as a downturn in the automotive semiconductor market [4].

Group 1 - Key Point 1: China's trade balance for March is pending release, which may impact market expectations and trade dynamics [1] - Key Point 2: OPEC is set to publish its monthly oil market report, providing insights into global oil supply and demand [1] - Key Point 3: President Xi Jinping's state visit to Vietnam is anticipated, potentially influencing bilateral trade relations [1] Group 2 - Key Point 1: President Trump is expected to announce details regarding semiconductor tariffs, which could affect the technology sector and supply chains [1] - Key Point 2: A press conference by the State Council Information Office will discuss the first quarter import and export situation, offering a glimpse into China's trade performance [1] - Key Point 3: Canadian wholesale sales data for February will be released, which may provide insights into consumer spending trends [1] Group 3 - Key Point 1: The New York Fed's one-year inflation expectations for March will be published, which could influence monetary policy outlook [1] - Key Point 2: Federal Reserve's Barkin will deliver a speech on navigating economic uncertainties, potentially impacting market sentiment [1] - Key Point 3: Federal Reserve's Harker will discuss the role of the Fed, which may provide clarity on future monetary policy direction [1]

2025.04. 13 同日，白宫表示，特朗普将继续敦促科技公司将生产转移到美国。一位白宫官员表示，特朗普将很快 下令对半导体进口对国家安全的影响进行研究，即一项名为"232条款"的研究。 微信编辑 | 小羊 推荐阅读 E = i xiaomi su7 时隔7日，小米SU7再现交通事故！ 据券商中国，当地时间4月12日，美国总统特朗普称，他将在下周一公布有关半导体关税的细节。 ...

特朗普表示，他将在周一公布有关半导体关税的详细信息。 ...