Business
Taiwan’s GlobalWafers Expands Overseas Amid Tariff Concerns: Building Chip-Making Capacities in US, Europe to Counter Potential Trade Disruptions
GlobalWafers from Taiwan is expanding its chip production potential abroad due to concerns about potential tariffs. The company, which is the third biggest silicon wafer supplier in the world, is extending its operations in the United States and Europe. Their CEO, Doris Hsu, has expressed worry over a possible 'special tariff'.
GlobalWafers is proactively expanding its manufacturing capabilities abroad in preparation for potential increases in chip material tariffs. This highlights the escalating belief that reciprocal trade actions could unsettle the semiconductor supply chain in the near future.
The third biggest supplier of silicon wafers globally is broadening its operations in six out of its nine locations worldwide. This includes the expansion of two facilities in the United States, and one each in Italy and Denmark.
GlobalWafers CEO and Chairwoman, Doris Hsu, expressed to Bloomberg Television her expectation that unique tariffs will be imposed not only in the US but also in several other nations within the industry. She further suggested that such potential tariffs could be sidestepped by transitioning to domestic production.
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TSMC, the world's biggest contract chip manufacturer, launches its inaugural factory in Japan.
Global governments are steadily recognizing semiconductor technology as a matter of national security, particularly after the Covid-19 pandemic led to a chip shortage, severely impacting many sectors, notably automobile production. Escalating geopolitical conflicts have further heightened the importance of this issue.
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