TSMC Is the Key to Pelosi's Taiwan Visit: Foreign Media 外媒:裴洛西赴台積電參訪 為此次重要行程

According to foreign media, there is a very important itinerary in this visit, which is to meet with TSMC Chairman Mark Liu. However, it appears that she has already "met" with Mark Liu via "video-conferencing" this morning and discussed the "CHIPS for America Act." With respect to this, TSMC chooses to remain low-key and declines to verify. 

On Aug. 2, the Wall Street stock market closed at a dip due to Pelosi's Taiwan visit and the impact of regional political tensions. The four major U.S. stock indexes all closed in the black, among those Dow Jones plummeted by over 400 points. Nevertheless, U.S. capital management companies believe this is just a short-term effect.

Ryan Payne, CEO, Payne Capital Management: “(Everyone) is very very nervous about what's going to happen with China? What's going to happen with Taiwan? and with Pelosi there now. But the market is mainly driven by earnings, and the earnings are coming out better than expected, and fundamentally, the economy right now is not broken.”

According to foreign media, an important itinerary of Pelosi's Taiwan trip is to visit TSMC and meet with TSMC CEO Mark Liu to discuss the CHIPS for America Act. However, it is said that the two have already "met via video conference" this morning, although sources point out that at the lunch hosted by President Tsai Ing-wen, where local business elites were invited, Mark Liu was also a guest; hence the two might have further communication then.

Nina Kao, Acting Spokesperson, TSMC: “I do not plan on conducting a phone interview, thank you. I do not have news as of now (of the two meetings).”

Liu Pei-chen, Director, Taiwan Industry Economics Services: “The U.S. most likely hopes that (TSMC) can help the U.S. manufacture and establish a comprehensive supply chain domestically.”

TSMC's intraday share price was lowest at NT$493, but highest at NT$498, with a NT$5 increase. Share price maintained at high-grade shock finishing. The overall market started at a small 10-point rise, with the highest rise at 25 points, but then immediately dropped afterwards. The market dipped lowest to 14,673, dropping 74 points. However, it managed to withstand selling pressure and maintained low-grade small shock finishing. Based on Taiwan stock trends during the various Taiwan Strait crises in the past, such as in 1995, 1996 when former President Lee Teng-hui proffered his two-state theory, and China continued to verbally attack Taiwan with armed defenses, Taiwan stock at one point dropped 10 percent from sheer fear. In addition, in 2004, when former President Chen Shui-bian was reelected, the cross-Strait relations froze immediately, and the PLA carried out nonstop live-fire drills, during which Taiwan stock dropped over 8 percent. This time, with Pelosi's Taiwan visit, on Aug. 2, the market dropped 1.56 percent.

Chu Cheng-zhi, Vice Chair, Securities Investment Trust & Consulting Association of the ROC: “If there is no other conflict extending or exacerbating from this in respect of U.S.-China-Taiwan, then I believe its reaction will slowly ease off.”

Director of the National Financial Stabilization Fund Juan Ching-hwa said at 11 p.m. on Aug. 2 that the NFSF is on standby. He added that Pelosi's Taiwan visit is not a "doomsday" for Taiwan stock.
 

昨（2，美國華爾街股市震盪收低。由於裴洛西訪台效應，地緣政治緊張衝擊，美股四大指數全數收黑，其中道瓊終場跌超過400點。不過，美國資本管理公司認為只是短期效應。

佩恩資本管理總裁瑞恩佩恩表示 :「（每個人）非常擔心裴洛西現在在那裡，中國會發生什麼，台灣會發生什麼，但如果您現在查看市場基本面，收益比預期的要好，現在經濟並沒有崩潰。」

根據外媒指出，裴洛西訪台有一重要行程就是參訪台積電，並會見台積電董事長劉德音，討論美國晶片法案。不過外傳兩人一早透過視訊會面。但也有消息指出，總統蔡英文中午宴請裴洛西，並邀集國內經貿人士，劉德音將出席，雙方可能會有進一步交流。

台積電代理發言人高孟華表示沒有要做電訪，且目前沒有裴洛西與劉德音兩人會面的消息。

台經院產經資料庫總監劉佩真則表示：「美方會更希望台積電來協助美國製造，建立在地化的完整供應鏈。」

台積電盤中股價，最低493元，但最高來到498元，一度漲5元，股價維持在高檔震盪整理。而大盤也以小漲10點開出，最高一度漲25點，指數隨即向下，大盤最低，來到1萬4673點，一度跌74點。不過仍頂住賣壓，維持低檔小幅震盪整理。回顧歷年來台海危機台股走勢，1995年、1996年，前李登輝兩國論，中國持續對台文攻武嚇，台股一度嚇趴10％。另外，2004年前總統陳水扁連任，兩岸關係急凍，中國解放軍不斷軍演，當時台股跌幅超過8%。而這次裴洛西訪台，2日當天，大盤指數跌幅1.56%。

證券投資信託暨顧問公會副理事長朱成志表示 :「（美中台）如果沒有任何延伸性的各種衝突的加劇，我相信 它的反應就是逐漸地淡化。」

擔憂台股繼續跌，國安基金操盤手阮清華昨日深夜11點多就曾喊話，國安基金隨時待命，進場護盤。還說，台股不會因裴洛西訪台，就「世界末日」。