TSMC and Samsung Electronics have talked with the United Arab Emirates about potentially building advanced chip mega factories in the Middle East. Executives from both companies have visited the UAE recently to explore this opportunity. The UAE aims to position itself as a global tech hub and is increasing investments in its domestic technology sector, particularly artificial intelligence. Concerns over U.S.-China tensions may impact the projects, as Washington is wary of the UAE’s potential collaboration with China on advanced AI chips.
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00:00It's Benzinga and here's what's on the block.
00:02TSMC and Samsung Electronics have engaged in talks with the United Arab Emirates about
00:07potentially building advanced chip megafactories in the Middle East.
00:11Executives from both companies have visited the UAE recently to explore this opportunity.
00:16The UAE aims to position itself as a global tech hub and is increasing investments in
00:21its domestic technology sector, particularly artificial intelligence.
00:26Concerns over U.S.-China tensions may impact the projects, as Washington is wary of the
00:30UAE's potential collaboration with China on advanced AI chips.
00:34For all things money, visit Benzinga.com.