Official announcements from Mubadala, TSMC, or Samsung

TSMC and Samsung Discuss $100B Megafactories in UAE Amid Major Hurdles

Sep 22, 2024, 06:15 PM

TSMC and Samsung Electronics are in discussions to build megafactories in the United Arab Emirates (UAE), according to reports from the Wall Street Journal. These proposed semiconductor factories could transform the chip industry in the coming years and are expected to be valued at over $100 billion. The projects, which have seen executives from both companies visiting the UAE, could become a cornerstone for AI investments in the Middle East. Abu Dhabi's Mubadala is expected to play a central role in funding these projects. However, significant hurdles remain before these ambitious plans can be realized.