Business
GlobalWafers Expands Overseas Amid Tariff Fears: Taiwan’s Silicon Giant Builds Factories in U.S and Europe
GlobalWafers from Taiwan is increasing its chip production facilities abroad due to worries over potential tariffs. The company, which ranks third globally in the supply of silicon wafers, is setting up expansion plans for its factories in the US and Europe. The company's CEO, Doris Hsu, has expressed her worries about the possibility of a 'special tariff'.
GlobalWafers is proactively expanding its manufacturing abroad due to the forecasted increase in chip material tariffs, highlighting the rising belief that reciprocal trade policies may cause disturbances in the semiconductor supply chain in the future.
The third biggest silicon wafer supplier globally is broadening its manufacturing facilities in two-thirds of the countries it has operations in. This includes two sites in the United States, alongside one each in Italy and Denmark.
Doris Hsu, the chairwoman and CEO of GlobalWafers, shared with Bloomberg Television her prediction that special tariffs will be implemented not just in the U.S., but other countries as well, targeting the industry. She further added that these possible tariffs could be sidestepped by moving towards domestic production.
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TSMC, the world's biggest contract chip manufacturer, has officially opened its first facility in Japan.
The global perception of semiconductor technology has shifted towards a national security perspective in the wake of chip scarcities caused by the Covid-19 pandemic, which greatly impacted various sectors, notably the automotive industry. Additionally, escalating geopolitical conflicts have heightened the significance of this issue.
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