Core Viewpoint - TSMC (2330) is expected to face a decline in revenue in Q4 compared to Q3 for the first time in nearly a decade, despite actively pursuing growth opportunities in the U.S. semiconductor market [1][2] Group 1: Revenue and Production Outlook - TSMC anticipates that Q4 revenue in New Taiwan Dollars and U.S. Dollars may not surpass Q3 levels, marking a significant seasonal decline [1] - The first wafer fab in Arizona is set to begin mass production using 4nm technology in Q4 2024, achieving yield rates comparable to those in Taiwan [1] - The second wafer fab, utilizing 3nm technology, has been completed, with strong interest from advanced process customers, prompting TSMC to accelerate production timelines [1] Group 2: Investment and Expansion Plans - TSMC has committed to investing a total of $165 billion in advanced semiconductor manufacturing in the U.S., including six wafer fabs, two advanced packaging facilities, and a major R&D center [1][2] - Approximately 30% of the advanced process capacity below 2nm is expected to be produced in Arizona, supporting major U.S. clients such as Apple, NVIDIA, AMD, Qualcomm, and Broadcom [1] - The fourth wafer fab in Arizona will utilize N2 and A16 process technologies, with the fifth and sixth fabs planned to adopt even more advanced technologies, contingent on customer demand [2]