-The U.S. government plans to exempt large tech companies such as Microsoft and Google from tariffs in the next round of chip tariff policies to support their AI data center construction. This move is closely related to TSMC's investment commitment in the United States and is expected to have a positive impact on the U.S. economy. The construction of AI data centers is seen as a key factor driving U.S. GDP growth, with JP Morgan predicting its capital expenditure will contribute 0.1-0.2 percentage points to GDP growth.

-In the short term, TSMC, Microsoft, and Google should have some upside potential. Because if it materializes, the construction cost of AI will be significantly reduced, which is definitely positive.