Chip firms considering plant in UAE

By Reuters

Sep 24, 2024 12:11 am

TWO of the world's largest chipmakers, TSMC and Samsung Electronics, have discussed building potential chip projects in the United Arab Emirates (UAE) in coming years that could be worth more than $100 billion, the Wall Street Journal (WSJ) reported on Sunday.

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 said, citing people familiar with the interactions.

The TSMC logo is seen at TSMC Museum of Innovation in Hsinchu, Taiwan. REUTERS PHOTO

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

Trump's tariffs to affect auto, tech industries

Japan's service sector inflation steady near 3%

Google antitrust trial coming to a close

Indonesia rejects Apple's $100-M investment offer

Zoom ups 2025 profit and revenue forecasts

Swatch wins suit vs Malaysia over Pride watches

China slams US 'abuse of export measures'