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2025/4/24
Unlike CPUs and GPUs, ASICs (Application-Specific Integrated Circuits) are pre-configured for specific applications before manufacturing. These chips are highly customized in both design and production, tailored for targeted use cases. ASICs have seen rapid growth in the AI and cloud computing markets. In the context of LLM (Large Language Model) applications, while Nvidia maintains a strong advantage in the training phase through its mature CUDA ecosystem, ASICs are expected to demonstrate significant potential in the inference phase due to their unique product attributes. Over time, a complementary ecosystem is likely to emerge, where ASICs fill specific roles alongside GPUs. This article offers a concise overview of ASIC characteristics, business models, industry landscape, and future outlook.
# Stocks
# USA
# Taiwan
# Manufacturing Industry
2025/4/17
Since his second inauguration, U.S. President Donald Trump has rolled out a series of tariff measures. As of April 16, 2025, his administration has announced a 90-day suspension of the reciprocal tariff policy unveiled last week. However, negotiations with China remain inconclusive, with effective tariffs on certain Chinese imports now totaling up to 245%. The article outlines a comprehensive timeline of Trump’s tariff actions since reentering office, as well as the current international structure of U.S. trade policy. Despite some reversals, Trump’s overall tariff strategy can be broadly categorized into three main segments: North American trade partners, China, and other countries.
# Investment Analysis
# China
# News
# Taxation
2025/4/9
On April 2, President Donald Trump announced a sweeping new trade policy: starting April 5, the U.S. will impose a 10% baseline tariff on all trade partners. Countries deemed to have unfair trade practices will face reciprocal tariffs ranging from 10% to 50%, effective April 9. Taiwan's rate is set at 32%, while China faces a staggering total tariff burden of 104%, including previously implemented levies. This article breaks down the complete tariff schedule, including region-specific rates, product exemptions, and future planned tariffs on key sectors. It also analyzes the global market response, with U.S. stocks tumbling—particularly in the energy sector—and heightened volatility across oil, gold, and other commodities amid escalating trade war fears and rising risk-off sentiment.
# Bonds
2025/3/17
Equity is a fundamental concept of business ownership that influences corporate governance, capital raising, and investment decisions. This article begins with the basics of equity, explaining how shareholders participate in a company’s operations through ownership. It outlines shareholders’ rights and obligations, including the right to profit distribution, voting rights, claims to residual assets, and access to company information. The article also explores various types of equity—such as common stock, preferred stock, and restricted shares—as well as the investment risks and responsibilities shareholders must bear. Through these discussions, readers gain a clearer understanding of how equity functions.
# Beginners Guide
# Financial Lessons
# Investment
2025/3/11
TSMC CEO C.C. Wei visited the United States and held discussions with Donald Trump regarding a new round of investment plans. The visit culminated in the announcement that TSMC will launch a large-scale expansion investment in the U.S., in response to potential future tariff policies targeting semiconductors. This article outlines the current geopolitical and economic landscape, and highlights the possible implications of the investment plan: TSMC’s expansion will boost production capacity, reduce tariff-related risks, and enhance geopolitical security. However, high operational costs and pressures on talent allocation may pose challenges. For the U.S., the move will contribute to a more complete semiconductor supply chain and drive job creation. On a global scale, it marks a further shift toward regionalized supply chains. Ongoing attention will be required as the tech cold war between the U.S. and China continues to unfold.
2025/3/4
In recent years, drone technology has developed rapidly, evolving from its original military use to being gradually integrated into daily life and industrial applications. Since drones do not require direct human operation, they are particularly suitable for areas such as fast transportation, surveillance and monitoring, and disaster relief. Market forecasts suggest that the drone industry will continue to grow in the coming years. With ongoing advancements in AI algorithms, drones are also expected to achieve greater capabilities in autonomous navigation and tracking. Taiwan's drone industry still faces several challenges, including a relatively small market size, limited brand influence, and intense international competition. However, Taiwan maintains a strong edge in semiconductors and electronics manufacturing, securing a solid position in key components, sensors, and image processing chips.
# Fundamental Analysis
2025/1/10
SoIC (System-on-Integrated-Chips) is a high-density 3D stacking packaging technology developed by TSMC, leveraging through-silicon vias (TSV) and hybrid bonding to enable higher performance and lower power consumption in chip designs. SoIC holds significant potential for applications in artificial intelligence (AI), high-performance computing (HPC), and autonomous driving. As production capacity continues to expand, SoIC is projected to become a mainstream next-generation semiconductor packaging technology.
# Editor's Pick
2024/12/23
TSMC remains at the core of the semiconductor industry with its leading wafer foundry technology, making it an indispensable pillar of the AI revolution. As the world’s largest contract chip manufacturer, TSMC holds a 62.3% market share. Its pure-play foundry model and advanced manufacturing processes—such as the 3nm technology and the upcoming N2 process—support the cutting-edge chip demands of tech giants like NVIDIA.
As Low Earth Orbit Satellites (LEOS) become a key technology in global communications, the industry is accelerating the development of IoT and AI applications due to its advantages of high coverage, low latency, and rapid deployment. This article explores the characteristics and market trends of LEOS, while analyzing the role of Taiwanese companies within the industry supply chain.
This article introduces Taiwan's optical industry, which has evolved from a labor-intensive, low-value-added sector to a key player in the global optical market, driven by technological advancements, industry maturity, and the country's strong electronics manufacturing capabilities. The optical industry supply chain consists of upstream raw materials & components, midstream modules & products, and downstream assembly & applications. Looking ahead, the industry is expected to integrate AI technology, expanding its applications into various fields such as medical imaging, smart surveillance, and robotics.
# Africa
# Monetary Policy
