Group 1 - TSMC's 2nm production plan is progressing as scheduled, with plans to build three new factories to meet strong market demand. The risk trial production for TSMC's 1.4nm process is expected to start in 2027 [2] - Black Sesame Technology announced a strategic acquisition of Yizhi Electronics, which will result in Black Sesame holding 60% of Yizhi's shares. The core team of Yizhi has committed to achieving a cumulative revenue of no less than 1.2 billion yuan and a net profit of no less than 90 million yuan over the next three years [3] - Jin Feng Technology's subsidiary, Jianghan Asset, holds a 4.14% stake in Blue Arrow Aerospace, making it the sixth-largest shareholder as the company prepares for its IPO [4] Group 2 - The EAST nuclear fusion experiment in China has confirmed the existence of a density-free zone in the Tokamak, with results published in the journal "Science Advances" [5][6] - Data analysis indicates that micro-vacations at hot springs and ice and snow tourism will dominate consumer spending during the New Year holiday, with an 8% increase in visitor numbers to hot spring resorts compared to last year [7] - SAIC Audi announced a retail target of 47,258 units for the year 2025, representing a 23% year-on-year increase [8] Group 3 - TrendForce has downgraded the global laptop shipment forecast for 2026 to a 5.4% year-on-year decline, reflecting conservative attitudes among brands due to rising costs [9] - Samsung Electronics reported positive feedback from customers regarding the competitiveness of its HBM4 chips, with market shares of 35% for Samsung, 53% for SK Hynix, and 11% for Micron as of Q3 2025 [10] - The Robotex World Robot Competition Asian Finals has commenced in Shanghai, focusing on sustainable development goals and providing an international platform for youth technology talent [11] Group 4 - The U.S. apartment market is experiencing its worst performance in over a decade, with a 1.9% year-on-year decline in apartment prices, the largest drop since 2012 [12] - The cryptocurrency market faced significant turmoil, with Bitcoin dropping nearly 30% from its peak two months ago, leading to over 106,000 liquidations and a total liquidation amount of $121 million [14]

Core Viewpoint - TSMC is advancing its 1.4nm process technology at the Central Taiwan Science Park, with construction starting on November 5, 2023, due to urgent demand from the U.S. for 2nm technology and delays in the development of the Nanke Shalu Eco-Science Park [1][2] Group 1 - TSMC has officially applied for construction of the new 1.4nm facility, which is expected to begin mass production in the second half of 2028, having shifted from the originally planned 2nm process [1] - The new plant is projected to generate over NT$500 billion in revenue, with the first trial production expected to be completed by the end of 2027 [1] - The urgency for 2nm technology is driven by U.S. geopolitical considerations, which require TSMC to achieve mass production of its most advanced processes before U.S. facilities can move to the next generation [1] Group 2 - The U.S. has requested TSMC to accelerate the timeline for its 2nm and 1.6nm processes to 2027, necessitating faster construction of the Kaohsiung and Central Taiwan plants [2] - The four planned factories at the Central Taiwan site are expected to become the largest production base for AI-integrated high-performance computing (HPC) chips globally, with an initial investment estimated at $46 billion and a workforce of 8,000 to 10,000 [2] - Although Nanke is planned to provide land for a 1nm advanced process factory, it is unlikely to meet U.S. demands for 2nm and 1.6nm processes due to delays in land transfer and review processes [2]

Group 1 - TSMC has officially submitted the application for the construction of its A14 (1.4nm) advanced process plant in the Central Taiwan Science Park, with an estimated initial investment of up to $49 billion, creating 8,000 to 10,000 job opportunities [1] - The new plant is expected to begin mass production in the second half of 2028, with the first risk trial production planned to be completed by the end of 2027 [1] - TSMC's new facility will be the largest production base for AI/HPC chips globally, with projected revenues exceeding $50 billion once operational [1] Group 2 - Tainan City has successfully secured approval for the "Nanke Shalun Ecological Science Park," which is expected to be used for future 1nm semiconductor processes [2] - Recent investments from SoftBank and NVIDIA into Intel, along with Samsung's push for 1.4nm process mass production, have prompted TSMC to accelerate its 1.4nm process layout to maintain market exclusivity [2]