Business
Anticipating Tariff Fears, Taiwan’s GlobalWafers Expands Chip-Making Capacity Overseas: A Strategic Move in the Face of Potential Trade Disruptions
GlobalWafers from Taiwan is increasing its overseas chip-production capabilities due to concerns about potential tariffs. The company, which is the third largest silicon wafer supplier globally, is broadening its manufacturing bases in the US and Europe. Doris Hsu, the CEO, has expressed worries about a possible 'special tariff'.
GlobalWafers is aggressively expanding its manufacturing capabilities abroad in preparation for an expected increase in chip material tariffs, highlighting the mounting belief that reciprocal trade actions will interrupt the semiconductor supply chain in the near future.
The third biggest global supplier of silicon wafers is broadening its facilities in six out of the nine nations it runs operations, which encompasses two facilities in the United States, one in Italy, and another in Denmark.
Doris Hsu, the chairwoman and CEO of GlobalWafers, expressed to Bloomberg Television her belief that not just in the US, but also in several other nations, the industry might witness the implementation of specific tariffs. She also suggested that these potential tariffs could be dodged by transitioning to domestic manufacturing.
Half past three
TSMC, the world's biggest contract chip manufacturer, has unveiled its inaugural plant in Japan.
Global administrations are progressively considering semiconductor technology as a matter of national security due to the chip shortages that incapacitated numerous sectors, such as automotive production, during and post the Covid-19 outbreak. The escalation of geopolitical conflicts has further increased the urgency of this issue.
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