Core Viewpoint - The article discusses the implications of the recent tariff announcements by President Trump, particularly focusing on Taiwan's semiconductor industry and the potential restructuring of global supply chains due to these tariffs [1][2]. Group 1: Tariff Implications - Taiwan faces a tariff rate of up to 32%, ranking seventh highest globally, while key industries like semiconductors are temporarily exempted [1]. - The U.S. government is expected to impose additional tariffs on chips and pharmaceuticals soon, indicating that the semiconductor industry cannot remain unaffected in the long term [1][2]. - The tariffs are seen as a strategy to encourage companies to invest in the U.S., leading to a potential reshaping of the global supply chain [1][2]. Group 2: Industry Response - Taiwanese semiconductor firms have been relocating to Southeast Asia and Northeast Asia due to the "Taiwan+1" strategy, but the new tariffs may render these moves ineffective [2]. - TSMC's planned investment of $100 billion in the U.S. may not suffice, as the U.S. government is likely to demand more investments from other Taiwanese semiconductor companies [2]. - Smaller semiconductor firms may struggle to adapt to the new tariff environment, facing pressure to lower prices while managing increased operational costs [2][3]. Group 3: Future Outlook - The ongoing tariff war is characterized as a significant geopolitical struggle, with many uncertainties surrounding the U.S. tariffs [3]. - Companies are advised to assess their competitive strengths and align closely with major clients to mitigate operational risks in this evolving landscape [3]. - The semiconductor industry is expected to experience a "survival of the fittest" scenario, where financially robust and technologically advanced companies will thrive, while smaller firms may face greater challenges [3].