回北京了，到家吃晚饭都8点多，抓紧时间复盘准备上钟。 今天a股挺平淡的，成交量萎缩1.44万亿水平，就前几天连续涨那会到过2万亿+，上周五受挫后就逐渐 在萎缩。市场中位数+0.94%表现还行，涨最好的是军工+4.3%，这个真不多见。 军工的逻辑是美国放弃支援乌克兰后，欧盟已经开始动员成员国重振军备，欧洲军工板块大涨，带动全 球军工股估值提升，另外中国军贸出口的份额也在逐年提升，市场期待之后会从欧洲获得更多订单。 还有一个点就是3月5日全国rd开会，会议期间会公布2025年国防预算。中国国防预算占gdp的比例多年 来维持在1.5%以内，低于世界平均水平，现在世界局势动荡，可能一部分市场资金也在押注看看有没 有意外。 我本人对军工板块长期以来不太感冒，中国不是一个偏重武备的国家，起码现阶段不是，像军工这种 toG的产业缺乏向上的想象空间，跌的特别多的时候可以捡便宜投机买一点，但很难指望它能独立于大 盘走出行情。历史上军工概念渣男惯犯，每次稍微涨点就开始割了。 这背后可能也有身为乙方的一部分原因，毕竟能挣钱的外贸生意，能不打就不打，能少打就少打。除了 加税外，中方还停掉了3家美国大豆输华的资质、将15家美国实体列入 ...

Core Viewpoint - TSMC announced a significant investment of $100 billion in the U.S. semiconductor manufacturing sector, bringing its total investment in the U.S. to $165 billion, which is expected to create thousands of jobs and enhance national security [1][5][6]. Investment Details - TSMC's new investment will support the construction of three new manufacturing plants, two advanced packaging facilities, and a large R&D center, marking it as the largest single foreign direct investment in U.S. history [5]. - The expansion is projected to generate semiconductor value worth hundreds of billions for AI and other advanced applications, creating tens of thousands of high-paying, high-tech jobs [5][6]. Government Support - The U.S. government, under President Biden, finalized a $6.6 billion subsidy for TSMC's Arizona factory as part of the CHIPS and Science Act, which allocated $52.7 billion to boost domestic semiconductor production [3]. - TSMC has already received $1.5 billion from the CHIPS Act prior to the new administration [3]. Strategic Importance - TSMC's expansion in the U.S. is seen as a critical step in rebuilding the semiconductor sector and reducing reliance on Asian manufacturing [2][3]. - The investment is expected to contribute over $200 billion in indirect economic output for Arizona and the U.S. over the next decade [5]. Leadership and Vision - TSMC's CEO, Dr. C. C. Wei, emphasized the importance of semiconductor technology in driving new applications and functionalities, highlighting the company's commitment to supporting leading U.S. tech firms [6]. - The expansion aligns with the vision established during Trump's presidency, showcasing a bipartisan effort to strengthen U.S. semiconductor manufacturing [6].