WhatsApp:+852-69577225Global chip race escalates
9/26/2024 9:52:06 AM
According to foreign media reports, executives from TSMC and Samsung Electronics recently visited the United Arab Emirates, and then it was reported that the two chip manufacturing giants may be discussing the construction of chip projects in the United Arab Emirates in the next few years, which may be worth more than $100 billion.
During the visit, TSMC executives talked about building a factory complex comparable to its largest and most advanced facility in Taiwan. Samsung Electronics is also considering launching a large new chip manufacturing operation in the UAE in the next few years.
In this regard, TSMC responded to questions on September 23 and proposed clarification. TSMC said it always welcomes constructive discussions to promote the development of the semiconductor industry with an open mind. However, the company is focusing on its existing global footprint and has no specific plans for new overseas investments at this time.
There was no immediate response from Samsung Electronics.
The United Arab Emirates (UAE) is a federal state located in the Middle East and consists of seven emirates, including Dubai, ABU Dhabi, Sharjah, Ajman, Umm Qaywan, Ras Khaimah and Fujira. The UAE is known for its rich oil resources and rapid economic development; But in recent years, the country has also been aggressively diversifying its economy away from oil.
The UAE is striving to become a regional hub and testing ground for artificial intelligence (AI). In 2017, the UAE became the first country in the world to establish an artificial intelligence ministry, and adopted the National Artificial Intelligence Strategy 2031 and the UAE National Artificial Intelligence Plan, hoping to build the status of a global artificial intelligence center. In March, the UAE's new MGX AI Fund joined a partnership with BlackRock, Microsoft and Global infrastructure Partners on AI infrastructure, aiming to raise up to $100 billion for data center and other infrastructure investments.
The UAE's commitment to semiconductors began early. Mubadala Investment Company is a key driver of economic diversification in the UAE, through which the UAE established GlobalFoundries in 2009. Today, GlobalFoundries is a leader in the field and is listed on the NASDAQ stock market in the United States. This not only cements Mubadala's position as a transformational investor, but also makes the UAE a major player in the global semiconductor space.
However, the rich Gulf states have been looking to the semiconductor industry as a growth opportunity. But those efforts have struggled, in part because the Gulf lacks the infrastructure needed to build chip factories. Therefore, if a chip manufacturing giant succeeds in building a chip factory in the UAE, it may have an important impact on the pattern of the entire Gulf region and even the global semiconductor industry.
During the visit, TSMC executives talked about building a factory complex comparable to its largest and most advanced facility in Taiwan. Samsung Electronics is also considering launching a large new chip manufacturing operation in the UAE in the next few years.
The scale of the projects under consideration by the two chip giants could require more than $100 billion to complete, according to reports. Under the preliminary terms being discussed, the projects would be financed by the UAE, with ABU Dhabi sovereign investor Mubadala playing a central role.
In this regard, TSMC responded to questions on September 23 and proposed clarification. TSMC said it always welcomes constructive discussions to promote the development of the semiconductor industry with an open mind. However, the company is focusing on its existing global footprint and has no specific plans for new overseas investments at this time.
There was no immediate response from Samsung Electronics.
The United Arab Emirates (UAE) is a federal state located in the Middle East and consists of seven emirates, including Dubai, ABU Dhabi, Sharjah, Ajman, Umm Qaywan, Ras Khaimah and Fujira. The UAE is known for its rich oil resources and rapid economic development; But in recent years, the country has also been aggressively diversifying its economy away from oil.
The UAE is striving to become a regional hub and testing ground for artificial intelligence (AI). In 2017, the UAE became the first country in the world to establish an artificial intelligence ministry, and adopted the National Artificial Intelligence Strategy 2031 and the UAE National Artificial Intelligence Plan, hoping to build the status of a global artificial intelligence center. In March, the UAE's new MGX AI Fund joined a partnership with BlackRock, Microsoft and Global infrastructure Partners on AI infrastructure, aiming to raise up to $100 billion for data center and other infrastructure investments.
The UAE's commitment to semiconductors began early. Mubadala Investment Company is a key driver of economic diversification in the UAE, through which the UAE established GlobalFoundries in 2009. Today, GlobalFoundries is a leader in the field and is listed on the NASDAQ stock market in the United States. This not only cements Mubadala's position as a transformational investor, but also makes the UAE a major player in the global semiconductor space.
However, the rich Gulf states have been looking to the semiconductor industry as a growth opportunity. But those efforts have struggled, in part because the Gulf lacks the infrastructure needed to build chip factories. Therefore, if a chip manufacturing giant succeeds in building a chip factory in the UAE, it may have an important impact on the pattern of the entire Gulf region and even the global semiconductor industry.
- payment
Online