TSMC. Samsung considering chip projects in UAE - report

23rd Sep 2024 07:36

(Sharecast News) - Chipmakers TSMC and Samsung are reportedly considering establishing chip projects in the United Arab Emirates, which could be valued at more than $100bn.

Top executives at TSMC have visited the UAE recently and talked about a plant complex on par with some of the company's largest and most advanced facilities in Taiwan, the WSJ reported, citing people familiar with the matter.

Samsung is also considering major new chip-making operations in the country in the years ahead, the paper added.

Reporting by Frank Prenesti for Sharecast.com

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