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

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