<p>➀ Wang Hong Wu Min-Qiu states that the US will undoubtedly demand TSMC to replicate and produce 5nm and even 2nm processes in the US, which is the true meaning of protectionist policy, and TSMC may not have the capital to say no.</p><p>➁ Wu Min-Qiu points out that although Taiwan has strict regulations on semiconductor technology exports, including restrictions from N-2 to N-1, under the dual considerations of the US' full-fledged development of AI and the tense situation across the Taiwan Strait, the best protection for the US is to require TSMC to replicate and produce its most advanced processes in the US.</p><p>➂ Regarding TSMC's technological advantages, Wu Min-Qiu analyzes that the key to TSMC's ability to achieve much higher yields than US manufacturers at the same process node lies in its powerful mathematical team, which uses AI big data analysis to produce and manufacture processes, quickly shortening the learning curve.</p>