Business
Taiwan’s GlobalWafers Expands Overseas Amid Tariff Concerns: Building Chip-Making Capacity to Navigate Trade Measures and Disruptions in Semiconductor Supply Chain
GlobalWafers from Taiwan is developing its chip manufacturing capabilities abroad due to concerns over potential tariffs. The company, which is the third biggest supplier of silicon wafers globally, is enhancing its production facilities in the US and Europe. CEO Doris Hsu has expressed worries about a possible 'special tariff'.
GlobalWafers is proactively expanding its manufacturing capabilities abroad as it anticipates an increase in chip material tariffs. This highlights the escalating belief that reciprocal trade actions will cause disturbances in the semiconductor supply chain in the near future.
The third biggest silicon wafer supplier globally is broadening its production facilities in six out of the nine nations it has a presence in. This includes two manufacturing sites in the US, along with one each in Italy and Denmark.
Doris Hsu, the Chairwoman and CEO of GlobalWafers, expressed to Bloomberg Television that she anticipates the imposition of certain special tariffs not just in the United States, but in various other nations as well. She also suggested that these potential tariffs could be circumvented by transitioning to domestic manufacturing.
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TSMC, the world's biggest contract chip manufacturer, has opened its first factory in Japan.
Following the chip shortages that severely impacted numerous industries, including automobile production during and after the Covid-19 pandemic, global governments are now considering semiconductor technology as a matter of national security. The escalating geopolitical conflicts have further intensified the situation.
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