Business
Taiwan’s GlobalWafers Expands Overseas Amid Tariff Concerns: A Strategic Move Towards Local Production in the US and Europe
GlobalWafers, a Taiwanese company, is increasing its chip production capacity internationally due to concerns over potential tariffs. As the world's third major source of silicon wafers, the company is broadening its operations in the US and Europe. The company's CEO, Doris Hsu, has expressed worries about a possible 'special tariff'.
GlobalWafers is proactively expanding its manufacturing operations abroad in response to the potential increase in chip material tariffs, highlighting the escalating belief that reciprocal trade actions will cause disturbances in the semiconductor supply chain in the near future.
The third biggest global supplier of silicon wafers is broadening its manufacturing facilities in six out of the nine nations where it has operations. This includes two plants in the United States, along with one each in Italy and Denmark.
Doris Hsu, the Chairwoman and CEO of GlobalWafers, expressed to Bloomberg Television her belief that unique tariffs will be implemented not just in the U.S., but in other nations as well. She further suggested that these potential tariffs could be circumvented by transitioning to domestic manufacturing.
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TSMC, the biggest contract chip manufacturer globally, has launched its inaugural factory in Japan.
Global administrations are progressively considering semiconductor technology as a matter of national security, in light of chip scarcities during and subsequent to the Covid-19 outbreak, which severely impacted numerous sectors, particularly automobile production. Heightened geopolitical conflicts have further escalated the situation.
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