Semiconductor Supply Tightness: Taiwan Semiconductor said it expanded monthly 3nm output capacity to 160,000–175,000 wafers in Q2, but demand still outpaces supply, keeping order backlogs in place. Market Mood Boosted by Iran Talks: Taiwan shares surged as investors cheered Trump’s comments that US-Iran strikes were paused and a ceasefire deal could come soon, lifting Taiex and AI-linked electronics. Chip Talent and Water Constraints: TSMC CEO C.C. Wei flagged Taiwan’s “five shortages,” saying talent is the biggest gap while also worrying about water, even as reservoir-linking plans progress. Privacy Crackdown Watch: Coupang’s record privacy fine is reigniting debate over regulatory proportionality and could affect how aggressively the e-commerce firm invests. Global Risk Appetite Cools for Chip Bets: Major banks are curbing hedge funds’ leveraged swaps on Asia chip leaders like SK Hynix and Samsung after sharp rallies raised bubble concerns. Nvidia Push in China: Nvidia told Chinese clients its new “Vera” AI data-center CPU could be available as soon as August, as shipments of its H200 stall under export controls. Cross-Strait Maritime Tensions: Taiwan said China ended a coast guard patrol after “inspecting” vessels near undersea cable areas, while Taiwan’s coast guard vowed to drive away Chinese ships. Corporate Governance Calendar: Himax Technologies set its Taiwan AGM for Aug. 12, with shareholders voting on 2025 financials and director re-election. Supply Chain Pressure Still Elevated: GEP’s index showed manufacturers are front-loading purchases and building safety stock in May, with Asia under the greatest strain.