Geopolitical FactorsGeopolitical dynamics could provide upside as the US government is likely to respond with anti-dumping and anti-subsidy measures, potentially benefiting global trailing-edge foundry companies.
Market PerformanceStronger shipment and UTR guidance were better than expected, driven by increased consumer electronics demand, likely boosted by tariff and China’s trade-in programs.
Mergers And AcquisitionsA potential merger would create the second largest foundry globally behind TSMC, with improved economies of scale, bargaining power, and the ability to manage competition.