Business
Taiwan’s GlobalWafers Expands Manufacturing Overseas Amid Fears of Industry Tariffs: CEO Doris Hsu Addresses Concerns and Strategies
GlobalWafers from Taiwan is increasing its chip production capabilities abroad due to concerns over potential tariffs. The company, which is the third biggest supplier of silicon wafers globally, is broadening its operations in both the US and Europe. CEO Doris Hsu has expressed worry over a possible 'special tariff'.
GlobalWafers is proactively expanding its production abroad, foreseeing an increase in chip material tariffs. This highlights the mounting belief that reciprocal trade actions will disturb the semiconductor supply chain in the future.
The global third leading supplier of silicon wafers is broadening their manufacturing sites in six out of the nine nations they function in. This includes two facilities in the United States, one in Italy, and one in Denmark.
Doris Hsu, the chairwoman and CEO of GlobalWafers, expressed her belief to Bloomberg Television that there might be unique industry tariffs not just in the United States, but in other countries as well. She added that these possible tariffs could be circumvented by transitioning to domestic manufacturing.
Half past three
TSMC, the biggest contract chip manufacturer globally, opens its inaugural factory in Japan.
Global governments are now considering semiconductor technology as a matter of national security due to chip scarcities that occurred during and subsequent to the Covid-19 pandemic, which severely impacted numerous sectors such as automobile production. The escalating geopolitical conflicts have further intensified the situation.
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