There is no doubt that semiconductors will be everywhere in the world in the future, and semiconductors are already a very important strategic industry for industrial countries. Taiwan, a top semiconductor-producing country in the world, has an unprecedented opportunity to upgrade its industry while facing strong competitive pressure. Other countries coveting Taiwan’s industrial resources will provide at least some incentives, but in the process of bringing Taiwan’s industrial strength to its fullest potential, we must also understand the various challenges we may face.