Business
GlobalWafers Expands Overseas Operations Amid Tariff Fears: The Strategy of Taiwan’s Silicon Giant in a Tense Trade Climate
Due to worries over potential tariffs, Taiwan's GlobalWafers is augmenting its semiconductor production capabilities abroad. As the globe's third biggest silicon wafer supplier, the company is growing its manufacturing presence in the United States and Europe. Meanwhile, CEO Doris Hsu has expressed worries about the possibility of a 'special tariff'.
GlobalWafers is proactively expanding its manufacturing capabilities abroad in preparation for expected increases in chip material tariffs. This highlights the increasing belief that retaliatory trade actions will cause disruptions in the semiconductor supply chain in the near future.
The third biggest global supplier of silicon wafers is extending its production facilities in six out of the total nine countries it has operations in. This includes expansion of two facilities in the US, and one each in Italy and Denmark.
GlobalWafers CEO and Chairwoman, Doris Hsu, expressed her view to Bloomberg Television that not just the U.S., but also several other nations, could impose specific industry tariffs. She further added that such potential tariffs could be circumvented by transitioning to domestic production.
Half past three
TSMC, the world's biggest contract chip manufacturer, has officially opened its inaugural facility in Japan.
Global administrations are progressively perceiving semiconductor technology as a matter of national security in the wake of chip scarcities amid and post the Covid-19 pandemic that severely impacted numerous sectors, particularly automobile production. Escalating international political conflicts have further amplified the importance.
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