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.

Potential projects in the United Arab Emirates could be worth more than $100 billion, though major hurdles remain.

Two of the largest global chipmakers, Taiwan Semiconductor Manufacturing Company (TSMC) and Samsung Electronics, are in discussions about building semiconductor plants in the United Arab Emirates (UAE),

Taiwan Semiconductor Manufacturing Co. and Samsung Electronics Co. have discussed building major new factories in the United Arab Emirates in coming years to help satisfy soaring demand for artificial intelligence computing,

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,