OpenAI Moves to Acquire Neptune as It Expands AI Training Capabilities 
UPS MD-11 Crash Prompts Families to Prepare Wrongful Death Lawsuit 
ByteDance Unveils New AI Voice Assistant for ZTE Smartphones 
Apple Leads Singles’ Day Smartphone Sales as iPhone 17 Demand Surges 
Wikipedia Pushes for AI Licensing Deals as Jimmy Wales Calls for Fair Compensation 
Netflix Nearing Major Deal to Acquire Warner Bros Discovery Assets 
Michael Dell Pledges $6.25 Billion to Boost Children’s Investment Accounts Under Trump Initiative 
USPS Expands Electric Vehicle Fleet as Nationwide Transition Accelerates 
Trump Administration to Secure Equity Stake in Pat Gelsinger’s XLight Startup 
ExxonMobil to Shut Older Singapore Steam Cracker Amid Global Petrochemical Downturn 
Proxy Advisors Urge Vote Against ANZ’s Executive Pay Report Amid Scandal Fallout 
Amazon and Google Launch New Multicloud Networking Service to Boost High-Speed Cloud Connectivity 
Magnum Audit Flags Governance Issues at Ben & Jerry’s Foundation Ahead of Spin-Off 
Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman 
Visa to Move European Headquarters to London’s Canary Wharf 
Morgan Stanley Boosts Nvidia and Broadcom Targets as AI Demand Surges 
Firelight Launches as First XRP Staking Platform on Flare, Introduces DeFi Cover Feature 
TSMC and Samsung are reportedly in early discussions to establish chip manufacturing facilities in the United Arab Emirates. According to the Wall Street Journal, these potential projects, valued at over $100 billion, could significantly boost global chip production and enhance the region’s tech landscape.
TSMC and Samsung Discuss Building Advanced Chip Plants in UAE, No Confirmed Plans Yet
The Wall Street Journal reported on September 22 that TSMC and Samsung Electronics, two of the world's largest chipmakers, have engaged in discussions regarding developing potential chip projects in the United Arab Emirates in the future years. These projects have the potential to be worth over $100 billion.
The WSJ reported that TSMC's top executives recently visited the UAE and discussed developing a plant complex comparable to the company's most advanced and expansive facilities in Taiwan. This information was sourced from individuals familiar with the interactions.
According to the paper, Samsung Electronics, a company that manufactures memory chips, smartphones, and televisions in South Korea, is also contemplating establishing substantial new chip-making operations in the country.
According to Reuters, TSMC had no new investment plans to disclose.
"We are always open to constructive discussion on ways to promote development of the semiconductor industry, but we remain focused on our current global expansion projects and have no new investment plans to disclose at this time," it said in a statement on Monday, without elaborating.
Samsung declined to respond to the Wall Street Journal report.
Samsung Explores UAE Chip Projects with Mubadala’s Backing, But Early Discussions Face Challenges
According to WSJ, senior figures at Samsung Electronics discussed the concept during a recent visit to the UAE. The discussions are still early and may encounter technical and other obstacles.
According to the Wall Street Journal, the UAE would provide funding for the initiatives, with Mubadala, a sovereign development vehicle based in Abu Dhabi, playing a central role.
The paper further stated that the overarching objective would be to augment global chip production and reduce prices without compromising chip manufacturers' profitability.
Washington has grown increasingly apprehensive about the UAE and other Middle Eastern countries serving as a conduit for advanced U.S. AI technology to reach China as tech transactions in the region accelerate.
