TSMC and Samsung in talks with UAE to build chip megafactories, WSJ reports

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The Dubai International Financial Centre (DIFC) area of Dubai, United Arab Emirates, with the Burj Khalifa in the backdrop, Sept. 16, 2022.Christopher Pike | Bloomberg | Getty ImagesGlobal chip giants Taiwan Semiconductor Manufacturing Co. and Samsung Electronics have been in talks with the United Arab Emirates to explore building megafactories in the Middle East, The Wall Street Journal reported Sunday, citing people familiar with the interactions and strategies involved.Top executives at TSMC have visited the Gulf state recently to discuss plans of building factory complexes that are comparable to some of the company’s largest and most sophisticated facilities in Taiwan, the report said.South Korea-based Samsung Electronics has also been considering investing in building chip manufacturing facilities in the country in the coming years. Senior leaders in the South Korean company have recently visited the country to explore the idea, the report said.The Gulf state has been ramping…

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