(RTTNews) – Chip giants Taiwan Semiconductor Manufacturing Co Ltd. (TSM) and Samsung Electronics Co. (SMSN.L, SSNNF.OB, SSNLF.OB) have mentioned about constructing main new factories within the United Arab Emirates in coming years to satisfy the hovering demand for synthetic intelligence or AI computing, the Wall Road Journal reported citing folks accustomed to the interactions.
It’s anticipated that the potential initiatives within the UAE may value greater than $100 billion.
Lately, key executives from TSMC, the world’s largest chip maker, visited the UAE to speak a few plant complicated. As per the report, South Korea’s Samsung has additionally despatched executives to the nation to speak about the identical goal.
As per the WSJ, the discussions are in early levels and the initiatives may face main technical and different hurdles, and it is probably not profitable.
The proposed enormous manufacturing unit complexes within the nation would change into a cornerstone for AI investments within the Center East.
The information comes as President Joe Biden is internet hosting UAE President Sheikh Mohamed bin Zayed Al Nahyan on the White Home Monday. They’re anticipated to debate quite a lot of issues, together with deepening cooperation between the 2 international locations resembling superior know-how, synthetic intelligence, investments, and house exploration.
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