Recently, global chip manufacturing giants TSMC (Taiwan Semiconductor Manufacturing Company) and Samsung are actively discussing plans to build large semiconductor factories in the United Arab Emirates (UAE). It is reported that this project may involve multiple factories with a total investment exceeding $1000 billion, funded by the UAE, while the United States will oversee the operation of the factories.
Image source note: The image was generated by AI, provided by the image authorization service Midjourney
Additionally, Samsung is also considering building a new chip factory in the UAE in the coming years, although a final decision has not yet been made. The aim of this move is to enhance global chip production capacity and reduce chip prices without compromising the profits of chip manufacturers.
In this proposal, the UAE will provide financial support, with the Mubadala Investment Fund in Abu Dhabi playing a key role in helping to develop the domestic technology industry. Furthermore, the sovereign wealth fund MGX under Mubadala is also in talks with OpenAI regarding chip-related matters. A spokesperson for Mubadala stated that while there are "regular dialogues" with global partners, there are currently no specific plans to announce.
The UAE's goal is to create a "national champion" through its new fund to promote investments in artificial intelligence. The fund is managed by Sheikh Tahnoon bin Zayed al-Nahyan, the brother of the UAE President, who also oversees the AI company G42, which has partnerships with companies like OpenAI, Microsoft, and Cerebras.
