台积电海外工厂,成功还是昂贵的徒劳(一):亚利桑那博弈

半导体产业研究
Dec 22, 2025

编者按本文选自SemiAnalysis,深入剖析了台积电在美国、日本、德国建设海外工厂的宏大实验。通过对比其台湾总部的“一小时生态圈”与海外供应链的分散现实,文章尖锐地提出了核心问题:在成本高昂、人才稀缺、供应链薄弱的异地复刻尖端制造,究竟是一场战略成功,还如创始人张忠谋所言,是“一场非常昂贵的徒劳”?文章超越简单的产业报道,从地缘政治、经济安全与商业逻辑的多重维度,为我们理解全球半导体格局的重塑...

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