Business
Taiwan’s GlobalWafers Expands Overseas Amid Tariff Concerns: A Strategic Move in the Semiconductor Industry
GlobalWafers from Taiwan is increasing its chip production capabilities in foreign countries due to worries about potential tariffs. The company, which is the third biggest supplier of silicon wafers globally, is extending its operations in the United States and Europe. CEO Doris Hsu has expressed concerns about a possible 'special tariff'.
GlobalWafers is proactively expanding its manufacturing abroad, preparing for the expected increase in chip material tariffs. This highlights the increasing belief that reciprocal trade actions will disrupt the semiconductor supply chain in the near future.
The third biggest silicon wafer supplier globally is broadening its operations in six out of the nine countries where it has its presence, which includes two facilities in the US, one in Italy, and another in Denmark.
Doris Hsu, the chairwoman and CEO of GlobalWafers, voiced her opinion to Bloomberg Television that tariff increases may not be exclusive to the US, but could also affect other nations. She suggested that transitioning to domestic manufacturing could help bypass these potential tariffs.
Half past three
TSMC, the world's leading contract chip manufacturer, has officially opened its inaugural factory in Japan.
Global governments are beginning to perceive semiconductor technology as a matter of national security due to the chip deficits experienced during and post the Covid-19 outbreak. These shortages severely impacted various sectors, particularly automobile production. The escalating geopolitical conflicts have further intensified the situation.
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