My first impression after reading this report is that TSMC is using AI to redefine the entire semiconductor cycle. With revenue up 40.8% year over year, EPS at NT$17.44, and a 59.5% gross margin, this isn’t just a cyclical recovery, it’s the result of a structural transformation. Advanced process nodes accounted for 74% of wafer … Continue reading How I See TSMC’s Q3
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Art Economy Observation Report
Introduction: Market Dynamics and Creative Value in Crisis Frieze Los Angeles 2025 took place from February 20 to 23 at Santa Monica Airport, bringing together 97 galleries from 20 countries, maintaining the same scale as the previous year. Yet, in the wake of devastating wildfires in Los Angeles, this edition transcended its role as a … Continue reading Art Economy Observation Report
Economic Analysis Report on France’s “Tax the Billionaires Bill”
Historical Background and Passage of the Bill On the night of February 20, 2025, after intense debates, the French National Assembly passed the “Proposal to Establish a 2% Minimum Wealth Tax on the Super-Rich” (commonly referred to as the “Tax the Billionaires Bill”) with 116 votes in favor and 39 against. The bill imposes a … Continue reading Economic Analysis Report on France’s “Tax the Billionaires Bill”


