1. Development of the Wafer Foundry Industry
1.1 Taiwan Accounts for 80% of the Top 10 Global Pure-Play Foundries in 2023
1.2 Divergence in Capacity Utilization Between 12- and 8-inch Wafer Fabs
2. Global Semiconductor Industry Policies
2.1 US CHIPS Act Boosts Domestic Semiconductor Production
2.2 China Fosters Semiconductor Growth through Domestic Demand
2.3 Japan Partners with US and Taiwan to Revitalize Its Semiconductor Industry
2.4 EU Provides Subsidies to Strengthen Local Manufacturing
3. Impact of Geopolitics on Taiwan's Wafer Foundries
3.1 Short-term Gains for Taiwanese Firms Amid US-China Tensions
3.2 Local Market Demand Worldwide Drives Taiwan's Overseas Expansion
3. Taiwanese Foundries’ Site Selection Assessment for Overseas Expansion
3.1 Geopolitical and Energy Concerns Fuel Taiwan's Overseas Expansion
3.2 Balancing Construction Costs with Political and Economic Considerations
3.2.1 Local Customer Support
3.2.2 Infrastructure Adequacy
3.2.3 Supply Chain Completeness
3.2.4 Local Government Policy Support
3.2.5 Talent Supply
3.2.6 Cost
3.3 The US, Japan, and the EU as Top Choices for Overseas Expansion
4. MIC Perspective
Appendix
List of Companies