The chip-making giants are eyeing the United Arab Emirates for new factories.
The UAE aims to develop a domestic tech industry and reduce reliance on imports.
The global demand for AI chips is expected to surge in the coming years.
The combined cost of the factories could exceed $100 billion.
The projects face significant challenges and may not come to fruition.
TSMC remains focused on current global expansion projects.
Samsung has not yet responded to the reports.
The projects could increase global production and lower AI chip prices.
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