Business
GlobalWafers Expands Chip-Making Capacity Overseas Amid Tariff Concerns: A Strategic Move in the Semiconductor Industry
GlobalWafers, a Taiwanese company, is developing its chip production facilities abroad due to concerns regarding tariffs. This major global supplier of silicon wafers is broadening its operations in the United States and Europe. CEO Doris Hsu has voiced worries about a potential 'special tariff'.
GlobalWafers is proactively expanding its production facilities abroad, predicting an increase in chip material tariffs, emphasizing the increasing belief that reciprocal trade actions will disrupt the semiconductor supply chain in the foreseeable future.
The third biggest silicon wafer supplier globally is broadening its operations in six out of the nine countries it's active in. This includes expansions in two US facilities, along with one each in Italy and Denmark.
GlobalWafers CEO, Doris Hsu, expressed to Bloomberg Television that she anticipates the introduction of specific tariffs not just in the U.S., but also in other nations within the industry. She suggested that such potential tariffs could be circumvented by transitioning to domestic production.
Half past three
TSMC, the world's biggest contract chip manufacturer, has officially opened its first factory in Japan.
Global governments are progressively seeing semiconductor technology as a matter of national security, in response to chip shortages during and post the Covid-19 pandemic that severely impacted several sectors, particularly the automobile production industry. The escalating geopolitical conflicts have further heightened the significance.
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