Business
Taiwan’s GlobalWafers Expands Overseas Amid Tariff Fears: CEO Doris Hsu Discusses Strategy and Implications on Semiconductor Supply Chain
GlobalWafers of 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 extending its operations in the United States and Europe. CEO Doris Hsu has voiced worries regarding a potential 'special tariff'.
GlobalWafers is proactively expanding its manufacturing operations abroad in preparation for potential increases in chip material tariffs. This move highlights the increasing belief that reciprocal trade actions could disrupt the semiconductor supply chain in the near future.
The third biggest silicon wafer supplier globally is broadening its manufacturing facilities in six out of the nine nations it functions in. This includes two plants in the US, along with one each in Italy and Denmark.
GlobalWafers' Chairwoman and CEO, Doris Hsu, expressed to Bloomberg Television her belief that not just in the U.S., but also in various other nations, unique industry tariffs may be imposed. She further suggested that these potential tariffs could be circumvented by transitioning to domestic production.
Half past three
TSMC, the biggest contract chip manufacturer globally, has officially opened its inaugural factory in Japan.
Global governments are now considering semiconductor technology as a matter of national security due to the chip shortages experienced during and post-Covid-19 pandemic, which severely impacted various sectors, particularly the automotive industry. Moreover, escalating political conflicts have amplified the importance of this issue.
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