Business
GlobalWafers Expands Overseas Amid Tariff Threats: Taiwan’s Silicon Wafers Giant Braces for Trade Disruptions
GlobalWafers from Taiwan is expanding its chip production capabilities internationally due to concerns over potential tariffs. The company, which is the third biggest supplier of silicon wafers worldwide, is improving facilities in the United States and Europe. The company's CEO, Doris Hsu, has expressed worry over a possible 'special tariff'.
GlobalWafers is fervently expanding its manufacturing facilities abroad in preparation for expected increases in chip material tariffs. This move highlights the mounting anticipation that retaliatory trade actions will cause disturbances in the semiconductor supply chain in the near future.
The third biggest silicon wafer supplier globally is enlarging 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.
GlobalWafers CEO, Doris Hsu, expressed to Bloomberg Television her belief that not just in the US, but in other nations as well, there will be certain unique tariffs implemented in the industry. She further suggested 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 officially opened its inaugural factory in Japan.
The global perception of semiconductor technology has shifted towards a national security focus due to the chip shortages that occurred during and post the Covid-19 pandemic. These shortages severely impacted several sectors, notably the automobile industry. Additionally, escalating geopolitical conflicts have heightened the significance of this issue.
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