TAIPEI (TVBS News) — Taiwan Semiconductor Manufacturing Company (TSMC, 台積電) on Monday (Sept. 23) dismissed reports about potential plans to build a new chip factory in the United Arab Emirates (UAE) alongside Samsung.
As the AI wave sweeps across the globe, TSMC expressed openness to constructive discussions that promote semiconductor industry development.
The company also clarified that it currently has no specific plans for new overseas investments, and emphasized its focus on existing global projects, countering recent media speculation.
The Wall Street Journal had earlier reported that TSMC and Samsung were considering a project in the UAE, which could scale up to NT$3.2 trillion. The report also mentioned that the UAE had invited TSMC to invest in the factory, offering higher subsidies than any other country and proposing a dedicated seawater desalination plant.
