September 23, 2024 12:47 AM
TSMC-Samsung/Emirates (Update 1): Update 1 – TSMC, Samsung considering building massive chip factory in UAE, WSJ reports
Sept. 22 – Two of the world’s largest chipmakers, TSMC and Samsung Electronics, are in talks to build a semiconductor project that could be worth more than $100 billion in the United Arab Emirates over the next few years, The Wall Street Journal reported on Sunday.
HT Image
TSMC’s top executives recently visited the UAE to discuss a complex of factories that would rival the company’s largest, most advanced facilities in Taiwan, the Journal reported, citing people familiar with the matter.
South Korea’s Samsung Electronics, a maker of smartphones, televisions and memory chips, is also considering setting up a new large-scale chip manufacturing operation in the country in the coming years, the paper reported, citing anonymous sources.
TSMC and Samsung did not immediately respond to Reuters requests for comment.
Samsung Electronics executives recently visited the UAE to discuss the initiative, the Journal reported, but added that the talks were still in their early stages and could face technical and other obstacles.
According to the WSJ, initial terms of the talks would see the project funded by the UAE, with Abu Dhabi-based government development agency Mubadala playing a leading role.
The broader goal is to increase global semiconductor production and help lower prices without hurting chipmakers’ profitability, the paper added.
As tech trade accelerates in the region, Washington has become increasingly concerned that the UAE and other Middle Eastern countries could become a conduit for advanced U.S. AI technology to reach China.
This article has been generated from an automated news agency feed without any modifications to the text.
Show more
News / Technology / TSMC, Samsung considering building large-scale chip factory in UAE, WSJ reports
Source link