Taiwan Semiconductor Manufacturing Co. (TSMC) and Samsung Electronics are looking to build new chip factories in the United Arab Emirates in the coming years to meet demand generated by artificial intelligence technologies. The newspaper notes, based on people familiar with the matter, that executives from Taiwan Semiconductor Manufacturing Co., the world’s largest chipmaker, recently discussed building a factory complex in the UAE that could rival the company’s advanced facilities in Taiwan.

South Korea’s Samsung has also sent representatives to the UAE to discuss establishing major new operations there, according to people familiar with the company’s strategy. The newspaper noted that these talks are still in their early stages, and the planned projects may not come to fruition due to technical challenges and other obstacles, as it also indicated that the cost of completing the factories under consideration exceeds $100 billion.