Business
GlobalWafers Expands Overseas Amid Tariff Concerns: Taiwan’s Chip-Maker Responds to Trade Measures and Geopolitical Tensions
Taiwan-based GlobalWafers is increasing its chip production capabilities abroad due to concerns over potential tariffs. As the third biggest supplier of silicon wafers globally, the company is extending its manufacturing facilities in the United States and Europe. CEO Doris Hsu has expressed apprehension about the possibility of a unique tariff.
GlobalWafers is proactively expanding its manufacturing operations abroad, foreseeing potential increases in chip material tariffs. This highlights the increasing belief that reciprocal trade actions will create disturbances in the semiconductor supply chain in the near future.
The third biggest silicon wafer supplier globally is broadening its operation in six out of the nine nations it operates in. This includes two manufacturing plants 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 there might be certain trade tariffs introduced not just in the United States, but also in other nations within the industry. She also mentioned that these potential tariffs could be bypassed 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 administrations are increasingly considering semiconductor technology as a matter of national security, in light of the chip shortages experienced during and post the Covid-19 pandemic which severely impacted numerous sectors, notably automobile production. The escalating geopolitical conflicts have further heightened the situation.
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