TSMC And Samsung Explore $100B Chip Megafactories In UAE Amid AI Boom And Global Expansion Plans: Report

Quick Summary:

Similarly, senior leaders from Samsung have also visited the UAE to discuss potential chip-making operations in the region, The Wall Street Journal reported citing, people familiar with the interactions.

Taiwan Semiconductor Manufacturing Co.(NYSE:TSM) and Samsung Electronics Co.(OTC:SSNLF) are discussing the construction of massive chip-making complexes in the United Arab Emirates.

What Happened: Executives from TSMC have recently visited the UAE to explore the possibility of establishing a plant complex comparable to their largest facilities in Taiwan.

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Category: Technology

Markets: United StatesChinaSaudi ArabiaTaiwanUnited Arab Emirates

Topics: Global US5949181045 Taiwan MSFT US67066G1040 US8740391003 Benzinga Tech News Equities SSNLF UAE Markets NVDA Kaustubh Bagalkote TSM

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-23 @ 03:04:18 (6 days ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 430 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 22 words per sentence (average)

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Copyright Owner: © Benzinga

News ID: 22647251

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