Let’s first clarify two questions: Why did TSMC go from being rejected multiple times to being continuously increasing its investment? What impact will TSMC's upward plan have? Friends who are concerned about China's technological development know that on the 3rd of this month, T

Let’s first clarify two questions:

1. Why did TSMC go from the original multiple rejections to the current continuous increase in price?
2. What impact will TSMC's rise plan have?

Friends who are following China's technology development know that on the 3rd of this month, TSMC stated that it is expected to invest 233.2 billion yuan to build 6 factories in the United States, which has ushered in further increase compared with the original announced plan to invest US$12 billion to build a factory.

In the first half of last year, TSMC suddenly announced that it would invest $12 billion to build a 12-inch wafer factory in the United States, and now it has expanded and is producing 5nm process chips, which are expected to be put into production in 2024.

Why did TSMC change this attitude during this period?

First of all, we all know that and the transformation and upgrading of the industry is a development trend. Previously, many American companies chose to build factories in Asia, and they were attracted by huge cost advantages. The biggest reason for TSMC's initial refusal to build factories in the United States was also because of the high cost. This cost of building factories is mainly reflected in the human resources.

and . The factories built by TSMC are all large-scale and can greatly reduce costs. But TSMC currently has only an 8-inch wafer factory in the United States, which cannot form large-scale integration benefits and is likely to cause waste of infrastructure costs.

So under the overall , TSMC's attitude has changed, which is likely to dispel or alleviate the concerns about building a factory. From a cost perspective, in recent years, the United States has also made a series of subsidy measures to revive its manufacturing industry.

The cost of building a local factory is high, and the United States can also deeply understand that the United States will provide certain subsidies to foreign factory building companies.

So how strong is this subsidy?

Take the previous two companies that built factories as an example. According to Cao Dewang, Fuyao Group built a glass factory in the United States, and it is estimated that land acquisition and factory construction will cost about US$40 million, while the subsidies given at that time exceeded US$40 million, which is equivalent to no expenses incurred during the factory construction process.

In addition, , and Foxconn are expected to invest $10 billion and receive a local subsidy of $4 billion. It is expected that each position will receive a subsidy of $220,000 in 13,000.

This shows that is actually not small. And how much will the subsidies TSMC receive?

The current global chip shortage has caused the shutdown of many American companies, and the United States is eager to improve this situation. In addition, local chip manufacturers in the United States have also shown a gradual decline in recent years. For example, in 2020, the chip production capacity of the United States has dropped to 12.8% of the global production capacity, and it is heavily dependent on China's chip production capacity, so the United States urgently needs TSMC's path. Comprehensive analysis of

shows that TSMC will only receive more subsidies. In addition, TSMC has increased the originally planned wafer factory to 6, which means that local wafer foundries have been scaled up and can save costs more in the supply of infrastructure.

For TSMC, electricity prices are also an important reason.

According to statistics, TSMC's electricity consumption in 2019 reached 14.33 billion kWh, which is 6% of the electricity consumption in the entire region. According to local electricity prices, even if its annual electricity consumption expenses can reach 30 billion yuan, the electricity consumption expenses after the factory will be further reduced.

In addition to the cost issue , since 17 European countries have also set goals for the development of the semiconductor industry, planning to spend 145 billion euros to first overcome the 2nm process. If this goal is achieved, it will be a significant impact on TSMC's status.

So TSMC has also begun its global chip layout, not only establishing a chip factory in the United States, but also planning to build an advanced packaging factory in Japan. However, TSMC's construction in the United States is not good news for the domestic market.

At present, China has called for strengthening international cooperation in the chip industry and seeking strong partners to jointly develop the chip industry to cope with the increasingly intense development trend of chip independent development.

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