Group 1 - The recent sharp appreciation of the New Taiwan Dollar (NTD) against the US Dollar has raised significant concerns among various industries in Taiwan, particularly those reliant on exports, which contribute 60% to the GDP [2][3] - The NTD appreciated by 1.247 NTD to 31.064 NTD per USD on May 2, marking a single-day increase of 3.07%, the highest in 36 years [1][2] - The rapid appreciation of the NTD is expected to severely impact low-margin industries, potentially leading to layoffs and business closures [2][3] Group 2 - The semiconductor giant TSMC is projected to face a revenue gap of 70 to 86.4 billion NTD due to the current exchange rate [2] - The NTD's volatility has caused a direct impact on the Taiwan stock market, with a drop of over 400 points recorded on May 5 [5] - The government has acknowledged the challenges posed by the NTD's appreciation, with officials admitting it could significantly affect the high-tech sector's net profits by 4% to 6% for every 1 NTD increase [7][8] Group 3 - The current situation has led to a "currency defense battle" in Taiwan, as market anxieties grow over the stability of the economy [3] - Public sentiment is increasingly critical of the government's handling of the situation, with accusations of mismanagement and failure to protect the economy from external pressures [6][8] - Analysts suggest that the recent fluctuations in the NTD are unprecedented and may not stabilize in the near future, complicating the economic outlook for Taiwan [2][3]