Financial and Industry Dynamics

• Foreign Investors Raise TSMC Target to New High of NT$5,000: Following TSMC's release of epic profit-boosting news at its investor conference, foreign brokerage Aletheia Capital issued its latest report, aggressively raising TSMC's target price to NT$5,000, setting a new record high among both domestic and foreign institutions. Additionally, a Bank of America Securities survey in October revealed that Taiwan has become the top market choice for Asian fund managers, with a net overweight ratio of 50%. • Minister of Economic Affairs Confirms Texas Science Park Plans: The Ministry of Economic Affairs confirmed yesterday that it will collaborate with the Taiwan Electrical and Electronic Manufacturers' Association to establish a science park in Texas, USA. Operating under a model of 'industry funding, government assistance,' the estimated investment for a single park is between US$2 billion and US$4 billion.