TSMC, Samsung consider building chip factories in UAE

SINGAPORE, Sept 23 (Reuters): Two of the world's largest chipmakers, TSMC and Samsung Electronics, have discussed building potential chip projects in the United Arab Emirates in coming years which could be worth more than $100 billion, the Wall Street Journal reported on Sunday.
Top executives at TSMC have visited the UAE recently and talked about a plant complex on par with some of the company's largest and most advanced facilities in Taiwan, the WSJ said, citing people familiar with the interactions.
South Korea-based Samsung Electronics, a maker of smartphones, TVs and memory chips, is also considering major new chip-making operations in the country in the years ahead.