Taiwan Semiconductor Manufacturing Co. (TSMC) and Samsung Electronics are reportedly in talks with the United Arab Emirates to build massive chip manufacturing facilities, according to the Wall Street Journal. Abu Dhabi's Mubadala sovereign wealth fund is expected to play a significant role in funding this expansion.
Global chip giants Taiwan Semiconductor Manufacturing Co. and Samsung Electronics have been in talks with the United Arab Emirates to explore building megafactories in the Middle East, Wall Street Journal reported Sunday, citing people familiar with the interactions and strategies.Abu Dhabi sovereign wealth fund Mubadala, which has been tasked with funding the expansion of its domestic semiconductor manufacturing, will play a key role, according to the report.
The Gulf state has been ramping up efforts and investments in developing its domestic tech industry as it works to build its position as a global hub for advanced technology and artificial intelligence. However, the discussions with UAE officials are still in the early stages, the report said. A tug-of-war between the U.S. and China has played out in the region as tech deals speed up and Washington grows increasingly wary over Beijing's influence in the Gulf state. TSMC and Samsung have held discussions with U.S. officials who are worried about potential shipments of advanced AI chips coming from UAE-based plants to China.The U.S.
Chip Manufacturing TSMC Samsung UAE US-China Tech Rivalry Artificial Intelligence
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