Official announcements from TSMC, Samsung, or credible financial news sources

TSMC and Samsung Plan $100B Middle Eastern Megafactories in UAE

Sep 22, 2024, 06:10 PM

Taiwan Semiconductor Manufacturing Company (TSMC) and Samsung Electronics are in discussions to build megafactories in the United Arab Emirates (U.A.E.), according to reports from the Wall Street Journal. The proposed projects, valued at over $100 billion, aim to transform the Middle Eastern semiconductor industry and become a cornerstone for artificial intelligence (AI) investments in the Middle East. These new factories could significantly impact the global chip market and enhance the technological infrastructure in the region.