Business
GlobalWafers Expands Overseas Production Amid Tariff Fears: Taiwan’s Silicon Giant Strategizes for Trade Disruptions
GlobalWafers from Taiwan is expanding its chip production capacity internationally due to concerns about tariffs. The company, being the third largest silicon wafer supplier globally, is enlarging its facilities in the United States and Europe. CEO Doris Hsu has expressed apprehensions about a potential 'special tariff'.
GlobalWafers is proactively expanding its manufacturing operations abroad in preparation for potential increases in chip material tariffs. This highlights the escalating belief that reciprocal trade actions may cause disturbances in the semiconductor supply chain in the future.
The third biggest silicon wafer supplier globally is broadening its manufacturing facilities in six out of the nine nations it functions in. This includes two facilities in the United States, one in Italy, and one in Denmark.
Doris Hsu, the Chairwoman and CEO of GlobalWafers, expressed to Bloomberg Television that she anticipates special tariffs to be implemented not only in the United States, but in several other nations within the industry. She suggested that a potential way to circumvent these tariffs would be by transitioning to domestic production.
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TSMC, the world's biggest contract chip manufacturer, has officially opened its first factory in Japan.
Global governments are progressively perceiving semiconductor technology as a matter of national security, particularly after the Covid-19 pandemic led to chip shortages that severely impacted various sectors, notably automobile production. The escalating geopolitical conflicts have further increased the importance of this issue.
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