🛑 Will the UAE/ Dubai become the chip capital of the Middle East?

Leading chip and semiconductor companies, such as TSMC and Samsung, are seeking to establish a number of mega projects in the United Arab Emirates, which include building a group of giant factories specializing in semiconductor industries with an investment value of up to $100 billion🤯

This news was published in a press report prepared by the Wall Street Journal; The report mentioned that officials from the Taiwanese company TSMC visited the Emirates with the aim of exploring industrial expansions in the country.

The report added that TSMC had talked about establishing industrial complexes that would rival the company's facilities in Taiwan in terms of size✨

The report also mentioned that Samsung officials had visited the Emirates to discuss the company's plans to build semiconductor factories, but these plans are still in their early stages, of course.

These investments could be a historic step for the UAE; this industry will lead all industrial fields worldwide in the coming period.

This is due to the outbreak of the artificial intelligence revolution and the increasing demand for super chips.

Resources

• Chip Giants TSMC and Samsung Discuss Building Middle Eastern Megafactories