Chip giants Samsung Electronics and Taiwan Semiconductor Manufacturing Co. are considering building megafactories in the Middle East, in a move that could transform the chip industry in the coming years.

TSMC and Samsung Electronics have discussed building huge factory complexes in the United Arab Emirates that could transform the chip industry in the coming years, the Wall Street Journal reported on Sunday.

Two of the biggest chipmakers in the world, TSMC and Samsung Electronics, have talked about developing possible chip projects in the United Arab Emirates in the upcoming years that might be valued at over $100 billion,

Chip-making titans Taiwan Semiconductor Manufacturing Co. and Samsung Electronics Co. are considering building major factories in the United Arab Emirates to help fill future demand for artificial-intelligence chips,

Taiwan Semiconductor Manufacturing Co. and Samsung Electronics Co. have discussed building major new factories in the United Arab Emirates in coming years amid the rise of artificial intelligence, the Wall Street Journal reported.

Samsung Electronics (OTCPK:SSNLF) and Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) (OTC:TSMWF), better known as TSMC, have discussed the possibility of building giant factories in the United Arab Emirates that would transform the region for growth in artificial intelligence,