Operational ChallengesIntegrating another foundry's production lines is highly challenging due to differences in toolsets, configuration, and process flow, requiring significant operational hurdles to be overcome.
Profit MarginsHigher overseas fab spending is expected to lead to greater gross margin dilution of 3-4% annually in a few years.
Tariff ImpactTariff-related impact is inevitable, leading to a reduction in 2025-26E earnings by 4-5%.