GlobalWafers Expands Overseas Amid Tariff Fears: Taiwan’s Semiconductor Giant Boosts Production in US and Europe

GlobalWafers from Taiwan is increasing its chip production capacity abroad due to concerns about potential tariffs. The company, which ranks as the third largest silicon wafer supplier globally, is growing its operations in the United States and Europe. CEO Doris Hsu has voiced worries about the possibility of a 'special tariff'.

GlobalWafers is proactively expanding its production facilities abroad, foreseeing an increase in chip material tariffs. This emphasises the increasing belief that reciprocal trade actions will cause disturbances 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 the nine nations it operates in. This includes two factories in the United States, one in Italy, and another in Denmark.

GlobalWafers CEO and chairwoman, Doris Hsu, expressed to Bloomberg Television her belief that unique industry tariffs will be introduced not just in the US, but in other nations as well. She further suggested that these possible tariffs could be circumvented by transitioning to domestic production.

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TSMC, the biggest contract semiconductor manufacturer globally, has officially opened its first factory in Japan.

Worldwide, governments are now regarding semiconductor technology as a matter of national security. This comes after chip shortages in the wake of the Covid-19 pandemic severely impacted numerous sectors, notably the automobile industry. The situation is further intensified by growing geopolitical conflicts.