Business
GlobalWafers Expands Production Overseas Amid Tariff Concerns: CEO Doris Hsu Warns of Potential Trade Disruptions in the Semiconductor Industry
GlobalWafers from Taiwan is increasing its chip production capabilities abroad due to concerns over potential tariffs. The company, which is the third largest silicon wafer supplier globally, is enlarging its facilities in the United States and Europe. This expansion comes as CEO Doris Hsu voices apprehensions over a possible 'special tariff'.
GlobalWafers is proactively expanding its production facilities abroad in response to potential increases in chip material duties, highlighting the mounting belief that reciprocal trade actions will interfere with the semiconductor supply chain in the foreseeable future.
The third biggest silicon wafer supplier globally is broadening its operations in six out of its nine locations worldwide. This includes the expansion of two facilities in the United States, along with one each in Italy and Denmark.
GlobalWafers CEO and Chairwoman, Doris Hsu, expressed her belief to Bloomberg Television that not just in the United States, but in other nations as well, certain industries may face unique tariffs. She further stated that these potential 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 first facility in Japan.
The global view of semiconductor technology has shifted towards a national security perspective among governmental bodies due to chip shortages amid and post the Covid-19 crisis. This shortage has severely impacted several sectors, notably automobile production. The escalating geopolitical conflicts have further heightened the significance of this issue.
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