GlobalWafers Expands Overseas Production Amid Tariff Worries: A Strategic Move in Anticipation of Trade Disruptions in the Semiconductor Industry

GlobalWafers from Taiwan is increasing its chip production capacity abroad due to concerns over potential tariffs. The company, which is the globe's third biggest silicon wafer provider, is growing its operations in both the US and Europe. CEO Doris Hsu has expressed worries about a possible 'special tariff'.

GlobalWafers is proactively expanding its manufacturing operations abroad, foreseeing potential increases in chip material tariffs. This move highlights the increasing belief that reciprocal trade actions will interfere with the semiconductor supply chain in the future.

The third biggest supplier of silicon wafers globally is broadening its operations in six out of the nine nations it operates in. This includes expansions in two U.S. factories, as well as facilities in Italy and Denmark.

Doris Hsu, the CEO and chairwoman of GlobalWafers, expressed to Bloomberg Television that she anticipates special industry tariffs being implemented not just in the United States, but in other nations as well. She also mentioned that these potential tariffs could be circumvented by transitioning to domestic production.

Three-thirty

TSMC, the world's biggest contract chip manufacturer, has officially opened its first factory in Japan.

Global administrations are progressively considering semiconductor technology as a matter of national security in the wake of chip deficits that wreaked havoc on numerous sectors, such as car production, during and subsequent to the Covid-19 pandemic. The escalation of international political conflicts has further heightened the situation.