本論文探討 2022 年 CHIPS 法案對半導體產業的影響，特別關注美國、中國和台灣的股票市場。 CHIPS 法案旨在解決國家安全問題並減少對外國半導體供應的依賴，為國內半導體製造分配了大量資金。本文討論了與 CHIPS 法案相關的各種事件，例如立法里程碑、實施策略和監管措施。此外，它還研究了該法案對市場反應、股票價格和行業動態的影響。研究採用計量經濟學分析、事件研究模型和傾向評分配對方法來評估 CHIPS 法案對半導體產業的影響。此外，它還討論了更廣泛的地緣政治背景，包括中美關係、戰略競爭政策以及重塑全球半導體供應鏈的努力。

This thesis explores the impact of the CHIPS Act of 2022 on the semiconductor industry, particularly focusing on the stock markets of the United States, China, and Taiwan. The CHIPS Act, introduced to address national security concerns and reduce reliance on foreign semiconductor supply, allocated significant funding towards domestic semiconductor manufacturing. The thesis discusses various events related to the CHIPS Act, such as legislative milestones, implementation strategies, and regulatory measures. Additionally, it examines the implications of the Act on market reactions, stock prices, and industry dynamics. The study employs econometric analyses, event study models, and propensity score matching methods to evaluate the effects of the CHIPS Act on the semiconductor sector. Furthermore, it discusses the broader geopolitical context, including U.S.-China relations, strategic competition policies, and efforts to reshape the global semiconductor supply chain.

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