Business
Taiwan’s GlobalWafers Bolsters Overseas Chip-Making Capacity Amid Tariff Concerns: The Strategic Expansion in US and Europe
GlobalWafers from Taiwan is increasing its chip production capabilities abroad due to worry over potential tariffs. The company, currently the world's third biggest supplier of silicon wafers, is broadening its manufacturing operations in the United States and Europe. CEO Doris Hsu has voiced her apprehensions about a looming 'special tariff'.
GlobalWafers is proactively expanding its manufacturing capabilities abroad in response to the likely increase in chip material tariffs. This highlights the rising belief that reciprocal trade actions will cause disruptions in the semiconductor supply chain in the near future.
The third biggest silicon wafer supplier globally is broadening its manufacturing facilities in six out of the nine nations it has operations in. This includes two facilities in the US, along with one each in Italy and Denmark.
Doris Hsu, chairwoman and CEO of GlobalWafers, expressed her belief to Bloomberg Television that not just in the United States, but also in several other nations, there could be the introduction of unique tariffs in the industry. She further suggested that by transitioning to domestic production, it might be possible to bypass potential tariffs.
Half past three
TSMC, the world's biggest contract chip manufacturer, launches its inaugural factory in Japan.
Global governments are progressively considering semiconductor technology from a national security perspective due to the chip shortages experienced during and beyond the Covid-19 pandemic. This shortage had a devastating effect on several sectors, notably the automobile industry. The escalating geopolitical conflicts have further increased the importance of this issue.
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