Business
GlobalWafers Expands Overseas Amid Tariff Fears: Taiwan’s Semiconductor Giant Bolsters Global Presence Amid Escalating Trade Tensions
GlobalWafers from Taiwan is increasing its chip-production capabilities abroad due to concerns over potential tariffs. The company, which ranks third worldwide in silicon wafer supply, is broadening its operations in the US and Europe. Its CEO, Doris Hsu, has expressed worries about a possible 'special tariff'.
GlobalWafers is proactively expanding its production abroad in preparation for potential increases in chip material tariffs, highlighting the increasing belief that reciprocal trade actions will cause upheavals in the semiconductor supply chain in the near future.
The third biggest silicon wafer supplier globally is broadening its manufacturing facilities in six out of its nine operational countries. This includes expanding two plants in the United States, one in Italy, and another in Denmark.
GlobalWafers' Chairwoman and CEO, Doris Hsu, expressed to Bloomberg Television her conviction that unique tariffs would be imposed not only in the United States but also in other nations within the industry. She further suggested that these potential tariffs could be circumvented through a transition towards domestic production.
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TSMC, the world's leading contract chip manufacturer, has opened its inaugural facility in Japan.
Global governments are progressively perceiving semiconductor technology as a matter of national security, following the chip shortages during and beyond the Covid-19 pandemic that severely impacted numerous sectors, such as automobile production. The escalating geopolitical conflicts have further heightened the importance of this issue.
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