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TSMC, Samsung Electronics Mull Investing US$100B in Chip Projects in UAE: Report
TSMC (TSM.US) and Samsung Electronics are considering investing a total of US$100 billion in chip projects in the United Arab Emirates (UAE) over the next few years, the Wall Stree...
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TSMC, Samsung Electronics Mull Investing US$100B in Chip Projects in UAE: Report
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TSMC (TSM.US)      and Samsung Electronics are considering investing a total of US$100 billion in chip projects in the United Arab Emirates (UAE) over the next few years, the Wall Street Journal, citing sources, reported.

The projects would receive funding from the UAE, with an aim to bolster global chip production and help bring chip prices down without compromising the profitability of chip manufacturers.

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It is reported that TSMC executives recently visited the UAE and discussed building facilities there that could rival TSMC's largest and most advanced factory campuses in Taiwan.

Sources also mentioned that Samsung is considering establishing a large new chip manufacturing business in the UAE in the coming years. Samsung executives have also recently visited the UAE, but discussions are still in the early stages and may face technical and other obstacles.
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