TSMC, Samsung explore $100b UAE projects

TSMC and Samsung Electronics are exploring potential $100 billion chip projects in the United Arab Emirates (UAE), according to The Wall Street Journal.

Executives from Taiwan-based TSMC have visited the UAE to discuss a possible plant complex comparable to the company’s advanced facilities in Taiwan. Meanwhile, Samsung is also considering major chip-making operations in the UAE, though both companies have stated that discussions are still in the early stages and no new investments have been confirmed. TSMC emphasised it remains focused on its current global expansion projects.

The proposed projects would be funded by the UAE, with Abu Dhabi’s Mubadala expected to play a central role. These initiatives aim to boost global chip production while maintaining profitability. However, Washington has raised concerns over Middle Eastern countries, including the UAE, potentially becoming channels for advanced US technology to reach China.

Attribution: Reuters

Subediting: M. S. Salama