:quality(80)/s3.amazonaws.com/arc-authors/morningstar/51408a44-34a8-4b9e-9370-8acd8e7699af.jpg)
GlobalWafers Is Well-Braced for the Next Upcycle, With US Expansion on Track
GlobalWafers grew to become the third-largest semiconductor silicon wafer producer via more aggressive expansion than peers. It is the only wafer producer to operate factories in Europe, Asia, and the US. Such a diversified footprint is profitable due to a combination of having customers in all three regions and the firm’s track record to acquire distressed competitors during previous industry troughs. We view GlobalWafers’ new plant in Texas as a continuation of its boldness, and it will offer faster and more reliable supply to customers like Samsung and Texas Instruments.