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The Wall Street Journal reported that Taiwanese TSMC and South Korean Samsung Electronics, two of the world’s largest chip manufacturers, have discussed launching chip projects in the UAE in the coming years, worth up to $100 billion.
The newspaper quoted informed sources as saying that senior executives from TSMC recently visited the UAE and discussed setting up a factory complex that would rival some of the company’s largest and most advanced facilities in Taiwan. The sources said that Samsung is also considering launching major chip manufacturing operations in the UAE in the coming years.
The Wall Street Journal reported that senior Samsung officials recently visited the UAE and discussed the idea, adding that the talks are still in their early stages. The newspaper said that the UAE will finance these projects.
Mubadala will have a vital role to play under the initial terms being discussed, the newspaper added, adding that these projects aim to increase global production of chips and help reduce their prices without harming the profitability of chipmakers.
