Business
Taiwan’s GlobalWafers Expands Overseas Chip-Making Capacity Amid Tariff Concerns: CEO Doris Hsu Raises Alarm on Potential Industry Impacts
GlobalWafers of Taiwan is increasing its chip production capabilities abroad due to worries about potential tariffs. The third biggest producer of silicon wafers in the world is developing its manufacturing facilities in the United States and Europe. CEO Doris Hsu has expressed apprehensions about the possibility of a 'special tariff'.
GlobalWafers is proactively expanding its manufacturing operations abroad in response to the predicted increase in chip material tariffs. This highlights the increasing belief that reciprocal trade actions could destabilize the semiconductor supply chain in the future.
The third biggest global supplier of silicon wafers is broadening its manufacturing facilities in six out of the nine nations it functions in. This includes two plants in the United States, one in Italy, and one in Denmark.
GlobalWafers CEO and Chairwoman, Doris Hsu, expressed to Bloomberg Television her belief that not just the U.S., but several other nations as well, might see the introduction of specific industry tariffs. She further suggested that these potential tariffs could be bypassed through the transition to domestic manufacturing.
Half past three
TSMC, the world's biggest contract chip manufacturer, has officially opened its first factory in Japan.
Global governments are starting to see semiconductor technology as a matter of national security due to chip shortages amidst and post the Covid-19 pandemic. These shortages had a severe impact on multiple sectors, notably automobile production. The growing geopolitical conflicts have further elevated the importance of this issue.
Discover more from Automobilnews News - The first AI News Portal world wide
Subscribe to get the latest posts sent to your email.