PRE-MARKET TAIWAN STOCKS NEWS: Taiwan’s government has resumed deliberations on the Longtan Science Park expansion project, potentially paving the way for TSMC to build five new fabrication plants for advanced chips

This is a standard pre-market Taiwan wrap, so the items trade on their own merits rather than as a single story. The lead item, resumed government deliberations on the Longtan Science Park expansion potentially enabling five new TSMC advanced fabs, fits the established pattern around leading-edge foundry capacity: such projects move through long permitting, land and water approvals, and the headline stage is procedural rather than a commitment, so the equity reaction in the name and its local supply chain has historically been modest until capex guidance or a formal groundbreaking confirms it. The transmission for the broader complex runs through the AI and semiconductor capex narrative and, on the currency side, through Taiwan's export and equity inflow channels rather than any direct rate linkage. The Formosa Petrochemical and CPC price freeze is routine administrative pricing and typically a non-event beyond the domestic refiners. The pension fund's planned shift toward third-party managers and global equities follows the familiar gradual diversification pattern of large regional public funds and is a slow flow story, not a session driver. The macro overlay noted, Fed hike bets unwinding after soft US labour data, remains the dominant tape driver for Asia-Pac tech and will likely outweigh the local headlines. Confidence in the read is moderate given the multi-item format.