TSMC and Samsung plan to invest over $100 billion in new chip-making facilities in the UAE with UAE funding, managed by Mubadala, amid U.S. concerns about AI technology reaching China.

TSMC and Samsung Electronics are exploring plans to invest over $100 billion in new chip-making facilities in the UAE, according to the Wall Street Journal. Executives from both companies have visited the region to discuss potential projects aimed at boosting global chip production and reducing prices. However, the discussions are in early stages and face technical challenges. The UAE would fund the projects, managed by Mubadala, amid U.S. concerns about AI technology reaching China.

September 22, 2024
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