Business
GlobalWafers Expands Overseas amid Tariff Fears: A Strategic Response to Potential Trade Disruptions in the Semiconductor Industry
GlobalWafers, based in Taiwan, is enhancing its chip production capabilities internationally due to concerns over potential tariffs. The company, which ranks third globally in silicon wafer supply, is extending its operations in Europe and the United States. Their CEO, Doris Hsu, has expressed worry over a possible 'special tariff'.
GlobalWafers is proactively expanding its manufacturing capabilities abroad, preparing for potential increases in chip material tariffs. This highlights the increasing belief that reciprocal trade actions could interfere with the semiconductor supply chain in the future.
The third biggest silicon wafer supplier in the world is broadening its operations in six out of the nine nations it operates in. This includes expansions at two American factories, as well as ones in Italy and Denmark.
GlobalWafers CEO and Chairwoman, Doris Hsu, expressed in an interview with Bloomberg Television that she anticipates special industry tariffs not just in America, but in other nations as well. She also noted that these possible tariffs could be circumvented by transitioning to domestic manufacturing.
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TSMC, the world's biggest contract chip manufacturer, has opened its first factory in Japan.
Global governments are progressively seeing semiconductor technology as a matter of national security after chip scarcities during and in the aftermath of the Covid-19 pandemic debilitated multiple sectors, such as automobile production. Escalating geopolitical conflicts have further increased the urgency.
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