🚨TSMC, Samsung consider building chip factories in UAE, WSJ reports 🇦🇪

Two of the world’s largest chipmakers, TSMC and Samsung Electronics, are in discussions to build significant chip manufacturing projects in the United Arab Emirates (UAE), potentially worth over $100 billion, according to a Wall Street Journal report. Executives from TSMC recently visited the UAE to discuss building a plant complex similar to their advanced facilities in Taiwan, while Samsung is also considering major projects. While TSMC stated it has no immediate plans for new investments, Samsung declined to comment. The UAE's sovereign fund, Mubadala, would reportedly fund the projects, aiming to increase global chip production and reduce costs. However, concerns have arisen in Washington about advanced U.S. technology potentially reaching China through the Middle East.

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