UAE’s AI drive may lead to TSMC, Samsung building factories
The projects would be funded by the UAE, with a central role for Mubadala and state-owned investment company MGX
Visitors visit TSMC booth at the 2024 World Semiconductor Congress in Nanjing, China. (Getty Images)
The UAE’s determination to become a world center for AI development is attracting new interest from Asia’s big chipmakers.
Taiwan’s TSMC and South Korea’s Samsung Electronics have discussed building large facilities to manufacture semiconductors in the UAE that could help propel the Gulf state to its goal of recognition as an artificial intelligence power, the Wall Street Journal reports.
Under initial terms being discussed, the projects would be funded by the UAE, with a central role for the Mubadala sovereign wealth fund and state-owned investment company MGX, which is focused on AI technology.
Amid the avalanche of interest in artificial intelligence, UAE-owned G42 has signed a variety of agreements with Microsoft, OpenAI and Nvidia over recent months.