Business
GlobalWafers Expands Production Overseas Amid Tariff Concerns: A Strategic Move in the Global Semiconductor Landscape
GlobalWafers from Taiwan is stepping up its chip production capabilities abroad due to worries over potential tariffs. The company, which is the world's third biggest supplier of silicon wafers, is enlarging its facilities in the US and Europe. CEO Doris Hsu has meanwhile expressed apprehension about a possible 'special tariff'.
GlobalWafers is proactively expanding its overseas production facilities in response to predicted increases in chip material tariffs. This highlights the increasing belief that back-and-forth trade actions will interfere with the semiconductor supply chain in the near future.
The third leading supplier of silicon wafers globally is broadening its manufacturing facilities in six out of the nine nations it functions in. This expansion includes two plants in the United States, and one each in Italy and Denmark.
Doris Hsu, the CEO and Chairwoman of GlobalWafers, expressed to Bloomberg Television her belief that unique industry tariffs will be implemented not only in the U.S., but also in other countries. She further suggested that these potential tariffs can be circumvented by adopting local production methods.
Half past three
TSMC, the world's biggest contract chip manufacturer, has opened its inaugural factory in Japan.
Global administrations are progressively considering semiconductor technology as a matter of national security, particularly after the Covid-19 pandemic led to chip shortages, severely affecting numerous sectors such as auto production. The growing geopolitical conflicts have further escalated the situation.
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