Business
Taiwan’s GlobalWafers Bolsters Overseas Chip-Making Capacity Amid Fears of Rising Tariffs
Taiwanese company GlobalWafers is developing its chip manufacturing capabilities abroad due to concerns about potential tariffs. The firm, ranked third worldwide in the supply of silicon wafers, is enhancing its production facilities in the United States and Europe. CEO Doris Hsu expressed worry about the possibility of a "special tariff".
GlobalWafers is proactively expanding its manufacturing capabilities abroad, in response to the predicted increase in chip materials tariffs. This highlights the increasing belief that reciprocal trade actions will cause disturbances in the semiconductor supply chain in the foreseeable future.
The third-largest global supplier of silicon wafers is broadening its manufacturing facilities in six out of the nine nations it serves. This includes two facilities in the United States, one in Italy, and another in Denmark.
The chairwoman and CEO of GlobalWafers, Doris Hsu, expressed her opinion to Bloomberg Television that there might be unique tariffs imposed not just in the US, but in other nations as well, within the industry. She further suggested 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 factory in Japan.
Global governments are progressively considering semiconductor technology as a matter of national security due to chip shortages during and post the Covid-19 pandemic, which severely impacted many sectors, notably automobile production. The escalating geopolitical conflicts have further amplified the importance.
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