Group 1 - TSMC reported impressive Q3 results with revenue of 989.92 billion NTD (approximately 230 billion RMB), a 30% increase, and profit of 452.3 billion NTD (approximately 105 billion RMB), a year-on-year increase of 39.1% [1] - TSMC dominates over 90% of the global advanced chip market, allowing it to raise prices without significant competition from other manufacturers [3] - Advanced processes such as 3nm, 5nm, and 7nm contribute 74% of TSMC's revenue, while mature processes above 28nm account for only 12% [3][4] Group 2 - Competing companies like UMC are pushing for at least a 15% price reduction from upstream suppliers due to intense competition in mature manufacturing processes [5] - Other companies in the industry, such as World Advanced, are also seeking price reductions from suppliers to maintain their profit margins [5] - The entire chip manufacturing industry is seeing profits concentrated among advanced process manufacturers, while those in mature processes face fierce competition and price wars, leading to reduced profitability [7]

Group 1 - Major stock index futures are showing slight increases, with Dow futures up 0.14%, S&P 500 futures up 0.13%, and Nasdaq futures up 0.16% [1] - Chinese concept stocks are mixed, with Alibaba down 2.31%, Pinduoduo down 1.34%, JD.com down 0.32%, Ctrip up 2.80%, Baidu down 2.57%, and Li Auto up 0.47% [1] - Stellantis shares rose 3.4% after reporting a 13% year-on-year increase in global deliveries to 1.3 million units in Q3, with North American deliveries up 35% to 403,000 units [1] Group 2 - Silver prices have surged nearly 4% to over $51 per ounce [1] - Google is tightening its remote work policy, which may impact employee work flexibility, leading to a 0.2% increase in its stock price [1] - Intel shares increased by 2.1% following the announcement of its first 1.8nm process chip, which offers a 50% performance improvement at the same power level compared to its predecessor [2] Group 3 - Qualcomm is under investigation for allegedly violating antitrust laws related to its acquisition of Autotalks, resulting in a drop of over 3% in its stock price [2] - The U.S. is investigating 2.88 million Tesla vehicles equipped with "full self-driving" systems due to safety violation reports, causing Tesla's stock to decline by 0.3% [2] - Bernstein has lowered Ferrari's target price from $554 to $475 [2]

Core Viewpoint - The article discusses the rising costs associated with TSMC's latest 3nm "N3P" process technology, highlighting that Qualcomm and MediaTek are paying significantly higher prices for their chipsets compared to previous generations, which may lead to increased prices for flagship devices [2][3]. Pricing and Cost Implications - TSMC has not offered price discounts for its 3nm "N3P" process, resulting in customers paying up to 24% more for their SoCs [2] - MediaTek reportedly pays about 24% more than before, while Qualcomm pays approximately 16% more for the same technology [2] - The wafer prices for the 3nm "N3P" process have increased by about 20% compared to the previous 3nm "N3E" process, indicating that Apple may also be affected by these cost increases [3] Market Impact - The increased costs for Qualcomm and MediaTek are expected to be passed on to their partners, potentially leading to higher prices for flagship smartphones [3] - TSMC's upcoming 2nm wafers are projected to be 50% more expensive than current technologies, with Apple securing over half of the initial production capacity, making it difficult for Qualcomm and MediaTek to obtain sufficient supply in the future [3]