{"id":140611,"date":"2024-09-23T21:51:14","date_gmt":"2024-09-23T21:51:14","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/09\/23\/samsung-tsmc-consider-building-chip-factories-in-uae-report\/"},"modified":"2024-09-23T21:51:14","modified_gmt":"2024-09-23T21:51:14","slug":"samsung-tsmc-consider-building-chip-factories-in-uae-report","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/09\/23\/samsung-tsmc-consider-building-chip-factories-in-uae-report\/","title":{"rendered":"Samsung, TSMC Consider Building Chip Factories in UAE: Report"},"content":{"rendered":"
\"Samsung,<\/div>


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Two of the world’s largest\u00a0chipmakers,\u00a0TSMC<\/a>\u00a0and\u00a0Samsung\u00a0Electronics, have discussed\u00a0building\u00a0potential\u00a0chip\u00a0projects in the United Arab Emirates in coming years which could be worth more than $100 billion (roughly Rs. 8,35,311 crore), the Wall Street Journal reported on Sunday.<\/p>\n

Top executives at\u00a0TSMC\u00a0have visited the\u00a0UAE\u00a0recently and talked about a plant complex on par with some of the company’s largest and most advanced facilities in Taiwan, the\u00a0WSJ\u00a0said, citing people familiar with the interactions.<\/p>\n

South Korea-based\u00a0Samsung\u00a0Electronics<\/a>, a maker of smartphones, TVs and memory\u00a0chips, is also\u00a0considering major new\u00a0chip-making operations in the country in the years ahead, the paper said.<\/p>\n

TSMC\u00a0told Reuters it had no new investment plans to announce.<\/p>\n

“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.<\/p>\n

Samsung\u00a0declined to comment on the\u00a0WSJ\u00a0report.<\/p>\n

Senior figures at\u00a0Samsung\u00a0Electronics visited\u00a0UAE\u00a0recently and discussed the idea,\u00a0WSJ\u00a0reported, adding that the discussions were still in the early phases and may face technical and other hurdles.<\/p>\n

Under initial terms being discussed, the projects would be funded by the\u00a0UAE, with a central role for Abu Dhabi-based sovereign development vehicle Mubadala, according to\u00a0WSJ.<\/p>\n

The paper added that the broader goal would be to increase global\u00a0chip\u00a0production and help bring prices down without hurting\u00a0chip-makers’ profitability.<\/p>\n

As tech deals in the region speed up, Washington has become increasingly concerned about the\u00a0UAE\u00a0and other Middle Eastern countries becoming a conduit for advanced US AI technology<\/a> reaching China.<\/p>\n

\u00a9 Thomson Reuters 2024<\/em><\/p>\n

(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)<\/i><\/p>\n<\/div>\n


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Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Two of the world’s largest\u00a0chipmakers,\u00a0TSMC\u00a0and\u00a0Samsung\u00a0Electronics, have discussed\u00a0building\u00a0potential\u00a0chip\u00a0projects in the United Arab Emirates in coming years which could be worth more than $100 billion (roughly Rs. 8,35,311 crore), the Wall Street Journal reported on Sunday. Top executives at\u00a0TSMC\u00a0have visited the\u00a0UAE\u00a0recently and talked about a plant complex on par with some of the company’s largest and most […]<\/p>\n","protected":false},"author":2,"featured_media":140612,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/i.gadgets360cdn.com\/large\/tsmc_chips_china_reuters_1666593828806.jpg","fifu_image_alt":"","footnotes":""},"categories":[607],"tags":[1412,218,833,61,6300,112173,26973,20693],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/140611"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=140611"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/140611\/revisions"}],"predecessor-version":[{"id":140613,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/140611\/revisions\/140613"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/140612"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=140611"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=140611"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=140611"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}