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The wider aim of Samsung was to boost worldwide chip manufacturing and assist in reducing costs without negatively impacting the earnings of chip manufacturers

TSMC and Samsung have considered developing potential chip projects in the United Arab Emirates, worth more than US$100 billion, as reported by the Wall Street Journal on Sunday.

According to the report, Samsung Electronics is also looking into setting up significant new operations for making chips in the country over the next few years.

According to a Samsung statement on Monday, "We are always open to constructive discussion on ways to promote development of the semiconductor industry, but we remain focused on our current global expansion projects and have no new investment plans to disclose at this time."

Samsung to Boost Global Chip Manufacturing

Additionally, the wider aim was to boost worldwide chip manufacturing and assist in reducing costs without negatively impacting the earnings of chip manufacturers.

According to WSJ, the senior officials mentioned that these talks are still in their initial stages and could encounter challenges related to technology and other aspects.

Washington has become increasingly concerned about the  UAE and other nations in the Middle East turning into a pathway for sophisticated US AI technology to be transferred to China.

Samsung is known for its expertise in creating various consumer and industrial electronics products, such as home appliances, digital media gadgets, semiconductor components, memory chips, and complete systems.