Business
GlobalWafers Expands Overseas Amid Tariff Fears: Taiwan’s Silicon Giant Diversifies Chip-Making Capacity in US and Europe
GlobalWafers of Taiwan is increasing its chip-production capabilities abroad due to worries over potential tariffs. The company, which ranks as the third biggest silicon wafer supplier globally, is extending its operations in the United States and Europe. CEO Doris Hsu has expressed her apprehension about a possible 'special tariff'.
GlobalWafers is proactively expanding its production capabilities abroad in response to the expected increase in chip material duties. This highlights the escalating belief that reciprocal trade actions will interrupt the flow of the semiconductor supply chain in the near future.
The third biggest global supplier of silicon wafers is broadening its manufacturing facilities in six out of the nine nations it operates in. This includes two factories in the United States, along with one each in Italy and Denmark.
Doris Hsu, the CEO and chairwoman of GlobalWafers, spoke to Bloomberg Television about her prediction that not just in America, but also in various other nations, unique industry tariffs might be introduced. She suggested that these potential tariffs could be circumvented by transitioning to domestic manufacturing.
Half past three
TSMC, the biggest contract chip manufacturer globally, opens its first factory in Japan.
Worldwide, governments are beginning to see semiconductor technology as a matter of national security, due to chip deficiencies that arose during and post the Covid-19 pandemic. These shortages had a significant impact on numerous sectors, notably automobile production. Additionally, growing geopolitical discord has heightened the importance of this issue.
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