Samsung And TSMCis one of the largest chip manufacturers in the world. While Samsung stands out with its memory chips, TSMC also produces chips for many technology giants, from Apple to Tesla. Now, news shows that these two companies are planning a new investment.

According to the news shared by The Wall Street Journal (WSJ), Samsung and TSMC separately Can establish factories in the United Arab Emirates.

The projects are said to be worth more than $100 billion.

In its report based on sources close to the matter, WSJ states that the projects are planned by Samsung and TSMC It could be worth more than $100 billion was stated. It was also added that the factories are planned for the coming years.

TSMC’s senior executives recently visited the United Arab Emirates. It was reported that during the visit, the company’s plans to establish an advanced manufacturing facility in the country that would be on a par with its massive facilities in Taiwan were discussed.

On the other hand, South Korean tech giant Samsung also started working on a similar project. It was reported that the company is considering manufacturing its chips in the United Arab Emirates in the coming years. Samsung officials also recently visited the country. Talks are still ongoing It was in its early stages..

Following the allegations, TSMC issued a statement to Reuters. The company said it would not announce any new investment plans for the time being. However, it added that it is always open to ideas that will advance the semiconductor industry. Samsung has not issued a statement on the matter.

According to WSJ, the ultimate goal of these investments, which remain mere claims, is to increase global chip production without hurting companies’ profits. lower chip prices will be. The information received also shows that the United Arab Emirates will finance the projects.