Taiwan Semiconductor Manufacturing Co. and Samsung Electronics have held talks about building large new factories in the United Arab Emirates in the coming years to meet rising demand for artificial intelligence, the Wall Street Journal reported.
Executives from TSMC, the world’s largest chipmaker, recently visited the UAE to discuss building a factory complex that could rival the company’s advanced facilities in Taiwan, the newspaper reported Sunday, citing sources familiar with the talks.
South Korea’s Samsung also recently sent envoys to the Middle Eastern country to discuss major new operations there, the magazine said, citing individuals with knowledge of the company’s strategy.
