Business
GlobalWafers Expands Chip-Making Capacity Amid Tariff Concerns: A Strategic Shift towards Overseas Manufacturing
GlobalWafers from Taiwan is increasing its chip manufacturing capabilities abroad due to worries about potential tariffs. The global number three silicon wafer supplier is constructing additional facilities in both the United States and Europe. CEO Doris Hsu has expressed apprehensions regarding a potential 'special tariff'.
GlobalWafers is proactively expanding its manufacturing operations abroad in response to the predicted increase in chip material tariffs. This highlights the escalating belief that reciprocal trade actions will cause disturbances in the semiconductor supply chain in the near future.
The third biggest global supplier of silicon wafers is broadening its manufacturing facilities in six out of its nine operating nations. This includes two factories in the United States, along with one each in Italy and Denmark.
GlobalWafers' Chairwoman and CEO, Doris Hsu, expressed to Bloomberg Television her belief that specific tariffs would be implemented not only in the U.S., but also in various other countries within the industry. She further suggested that these possible tariffs could be dodged by transitioning to domestic production.
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TSMC, the world's biggest contract chip manufacturer, has launched its inaugural factory in Japan.
Global governments are progressively seeing semiconductor technology as a matter of national security, in response to chip deficiencies experienced during and post-Covid-19 pandemic, which severely impacted various sectors, notably automobile production. Escalating geopolitical conflicts have further heightened the importance of this issue.
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