💨 Abstract

TSMC and Samsung Electronics are considering building chip projects worth over $100 billion in the United Arab Emirates, according to the Wall Street Journal. The proposed projects, which are still in the early stages, aim to increase global chip production and lower prices without affecting profitability. The UAE and Abu Dhabi-based Mubadala would fund the projects. Both TSMC and Samsung have declined to comment on the report.

Courtesy: theprint.in