Taiwan Semiconductor Eyes UAE Gigafab, Seeks Crucial US Green Light

Anusuya Lahiri

June 02, 2025

Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) is weighing an advanced gigafab in the United Arab Emirates.

The contract chipmaker is exploring a complex of six factories (similar to its Arizona fab), subject to regulatory approval from the Trump administration, given the Gulf nation’s ties to China and Iran’s influence in the region.

Taiwan Semiconductor held meetings with Steve Witkoff, the U.S. special representative to the Middle East, and MGX officials, Bloomberg reported on Friday, citing unnamed sources familiar with the matter.

Also Read: To Serve Exploding AI Chip Demand, Taiwan Semiconductor Plans 9 Advanced Factories

Taiwan Semiconductor accounts for the majority share of advanced chips designed by the likes of Nvidia Corp. (NASDAQ:NVDA) and Advanced Micro Devices, Inc. (NASDAQ:AMD) components that serve as the brains of electronic devices and are essential for training artificial-intelligence models.

Taiwan Semiconductor executives visited the UAE in 2024, aspiring for potential geographical diversification amid support from the Biden administration subject to stringent conditions. However, the talks failed to fructify.

After Trump assumed charge, the UAE sought a Taiwan Semiconductor fab and vied for easier access to Nvidia chips for AI data centers.

In March, the UAE announced a $1.4 trillion commitment to invest in the U.S.

Wedbush analyst Daniel Ives hailed Saudi Arabia as a significant area of penetration for the AI revolution after President Trump’s key trip to the Middle East. Ives noted that the market opportunity in Saudi Arabia could add another $1 trillion to the broader global AI market in the coming years, posing tailwind for Nvidia, Palantir Technologies (NASDAQ:PLTR), Microsoft Corp (NASDAQ:MSFT), Amazon.com Inc (NASDAQ:AMZN), Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL), Tesla Inc (NASDAQ:TSLA).

Price Action: TSM shares are trading lower by 0.94% to $191.50 premarket at last check Monday.

Read Next:

Taiwan Semiconductor And Intel Weigh Benefits Of ASML’s Pricey Chipmaking Equipment

Image by Jack Hong via Shutterstock

Recommended

Don't Touch Tesla Stock Without Reading This First - Ad

The Tesla Shock Nobody Sees Coming - Ad

Back the Biotech Company Unlocking Mushroom Health Benefits for All - Ad

Popular

Jim Cramer Recommends This 'Really, Really Good' Energy Stock

Cramer also looks at Shutterstock and Getty. One of these companies "doesn't really have the growth" that he'd like to see.

Trump Says 5 Jets Downed During India-Pakistan Conflict: '...Shot Out Of The Air'

President Donald Trump during a dinner with Republican lawmakers stated, that up to 5 jets were shot down during the India-Pakistan conflict.

Tap Into the $65B 'Shroom Boom'

Tap Into the $65B 'Shroom Boom' - Ad

People are rapidly discovering how mushrooms can enhance brain function, gut health, immunity, and more. The only thing holding them back? A simple way to grow them. Hypha Labs built a compact countertop device to solve exactly that.

Charles Schwab To Launch Bitcoin, Ethereum Trading Services

Charles Schwab (NYSE:SCHW), one of the largest brokerage firms in the United States, has confirmed plans to launch Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO:

Coldplay's jumbotron captures — what exactly? The internet has its theories

LONDON (AP) — It started out as a routine bit of fun at a Coldplay concert: Lead singer Chris Martin asked the cameras to scan the crowd for his “Jumbotron Song,” when he sings a few lines about the people the camera lands on.

Investing Legend Hints the End May Be Near for These 3 Iconic Stocks

Investing Legend Hints the End May Be Near for These 3 Iconic Stocks - Ad

Futurist Eric Fry say Amazon, Tesla and Nvidia are all on the verge of major disruption. To help protect anyone with money invested in them, he's sharing three exciting stocks to replace them with. He gives away the names and tickers completely free in his brand-new "Sell This, Buy That" broadcast.

Barbara Corcoran, Who Sold Her Real Estate Empire For $66 Million Decades Ago, Says This Is The 'Most Under-Utilized' Tool In The Workplace

Real estate millionaire Barbara Corcoran built a $20 billion brokerage by making work fun with picnics, rewards, and perks, not strict rules.

Donald Trump Files $10 Billion Lawsuit Against WSJ And Rupert Murdoch

Donald Trump has filed a $10 billion defamation lawsuit against The Wall Street Journal and Rupert Murdoch.

How to Hack a $1.3T Market

How to Hack a $1.3T Market - Ad

Forget concrete. The new foundation for real estate success is digital, and Pacaso leads the way. Their tech unlocks a $1.3T real estate market. They've already earned $110M+ in gross profits in their operating history and reserved the Nasdaq ticker PCSO.

Rigetti Computing, Netflix, Johnson & Johnson, United Airlines And ASML: Why These 5 Stocks Are On Investors' Radars Today

U.S. stocks moved higher today, with the Dow Jones gaining more than 200 points, or 0.5%, to close at 44,254.78.

After years of tough rules on liquids and footwear, US air travel may be on the cusp of a new era

NEW YORK (AP) — When limits on liquids were introduced at TSA checkpoints across the country in 2006, bins overflowed with bottled water, toothpaste, shaving cream and so much more. Nearly two decades later, travelers are much more accustomed to the “3-1-1” regulations" governing the size of the liquids they're flying with, but scenes of passengers guzzling a beverage before putting their bags through the screening machines are still common.

What's inside Elon's building in Memphis will shock you

What's inside Elon's building in Memphis will shock you - Ad

Inside Elon Musk's Memphis site lies a supercomputer built to power the world's first superhuman AI. It could make Elon a trillionaire - and new millionaires, too. With just $500, you could get in before the August 1st funding window closes.

Ozempic, Mounjaro Users Cut $6.5 Billion From Grocery Bills: GLP-1 Boom Triggers Panic In Packaged Food Aisles

GLP-1 medications are delivering a $6.5 billion blow to U.S. grocery spending, with weight-loss drugs altering consumer purchasing patterns.

Tea-loving Nepal is warming up to coffee

KATHMANDU, Nepal (AP) — Coffee hasn't always been an easy sell in .

Is Elon's Empire Crumbling?

Is Elon's Empire Crumbling? - Ad

Jeff Brown - the legend who called Tesla and Nvidia early - says Elon is about to launch a $25T AI revolution. This isn't another chatbot. It's real-world AI that could 14X the impact of ChatGPT. But after October 23rd, it may be too late.

Cathie Wood Doubles Down On Tesla Despite Leadership Exodus, Dumps $22 Million Of Crypto Stocks Amid Bitcoin Buzz

Cathie Wood-led Ark Invest made significant trades on Tuesday, involving major companies like Tesla Inc. (NASDAQ:TSLA), Coinbase Global Inc.

Texas AG claimed three homes as primary residence. Democrats are being probed for similar issue

WASHINGTON (AP) — Texas Attorney General Ken Paxton and his wife, Angela, are longtime owners of a $1.5 million house in a gated community outside Dallas. In 2015, they snapped up a second home in Austin. Then another.

Leaked Memo Points to $100 Trillion Wealth Transfer Starting Soon

Leaked Memo Points to $100 Trillion Wealth Transfer Starting Soon - Ad

The U.S. Department of the Interior's internal memo has leaked ... and the contents are shocking. A federally backed resource monetization plan may soon go live, and it could trigger a new gold rush into select energy and mineral stocks. Investing legend Whitney Tilson breaks it all down inside.

Retirees, here’s how to tweak the 4% rule to protect your nest egg

New retirees might enter a different environment than their predecessors—the economy or market might have changed slightly or dramatically.

When Jamie Dimon's Daughter Asked If They Have To 'Sleep On Streets' After He Was Fired From Citigroup: 'It Was My Net Worth, Not My Self-Worth...'

Jamie Dimon, recently shared a personal anecdote about the day he was fired from Citigroup and the impact it had on his family and career.

Our No.1 AI Stock Has Nothing to Do With Tech

Our No.1 AI Stock Has Nothing to Do With Tech - Ad

Nvidia CEO Jensen Huang recently said AI requires "100 times more" power. We believe that means the best way to invest in AI right now has nothing to do with technology ... And everything to do with energy. One stock appears to be perfectly positioned...

Kohl's Corp, Krispy Kreme, Lockheed Martin, Circle Internet And Lucid Group: Why These 5 Stocks Are On Investors' Radars Today

The U.S. stock market experienced a mixed session today. The Nasdaq fell nearly 80 points, closing down 0.4% at 20,892.69

Stellantis warns of $2.7 billion loss for 1st half of 2025 due to tariffs and some big charges

Stellantis, the maker of Jeep and Ram vehicles, says its preliminary estimates show a 2.3 billion euros ($2.68 billion) net loss in the first half of the year due to U.S. tariffs and some hefty charges.

Don't Touch Tesla Stock Without Reading This First

Don't Touch Tesla Stock Without Reading This First - Ad

Jeff Brown, an early Tesla bull, warns of a strange "Tesla Glitch" uncovered by Wall Street legend Larry Benedict. This anomaly has preceded $25B-$100B swings in Tesla's value - and he's using it to anticipate moves without buying or shorting a single share.

Trump Says $550 Billion Trade Deal With Japan Reached That Will Create 'Hundreds Of Thousands' Of Jobs: 'There Has Never Been Anything Like It' (CORRECTED)

President Trump declared a $550 billion trade deal with Japan, focusing on job creation and market access for U.S. products. Tariffs also agreed upon.

Female HR exec caught on Coldplay cam resigns after embrace with CEO went viral

The female executive who was caught on camera embracing the CEO of her company at a Coldplay concert in a moment that went viral has resigned, according to news reports.

The Tesla Shock Nobody Sees Coming

The Tesla Shock Nobody Sees Coming - Ad

While headlines scream "Tesla is doomed"...Jeff Brown has uncovered a revolutionary AI breakthrough buried inside Tesla's labs. One that is helping AI escape from our computer screens and manifest itself here in the real world all while creating a 25,000% growth market explosion starting as early as October 23rd.

Hershey and other chocolate makers hike prices as cocoa remains near record highs

Here’s the good news: The Hershey Co. says it’s not raising prices for this year.

Bitcoin Rises Amid Falling Dollar; Ethereum, Dogecoin Dip: Analyst Warns Gold Movement Toward All-Time High 'Not A Great Sign' For ETH, Altcoin Investors

Bitcoin rose, but other major coins pulled back Tuesday as investors weighed the implications of a falling U.S. dollar and yields on government debt.

Back the Biotech Company Unlocking Mushroom Health Benefits for All

Back the Biotech Company Unlocking Mushroom Health Benefits for All - Ad

Functional mushrooms can boost mental, gut, and immune health-but people can't grow them at home. One company is making it easy with a patent-pending kitchen device. Think Nespresso, but for mushrooms. The functional mushroom market is projected to nearly double by 2030.

Shiba Inu Could Surge 3,000% and Overtake Dogecoin by 2026, Say Analysts

Memecoin Shiba Inu (CRYPTO: SHIB) is expected to outperform Dogecoin (CRYPTO: DOGE) in the forthcoming bull cycle, as per analysts’ predictions.

Trump to visit Federal Reserve headquarters as feud with its chair continues

WASHINGTON (AP) — President Donald Trump is visiting the Federal Reserve headquarters in Washington Thursday, a week after indicating that Fed chair Jerome Powell's on two Fed buildings could be grounds for firing.

Tap Into the $65B 'Shroom Boom'

Tap Into the $65B 'Shroom Boom' - Ad

Beef: It's What's for Dinner — If You Can Afford It

Here's a look at why beef is the latest item driving grocery bills higher.

Trump's Backroom Billionaire: Bezos Meets As SpaceX Fades

President Donald Trump reportedly meets with Jeff Bezos as ties with SpaceX's Elon Musk evaporate.

Investing Legend Hints the End May Be Near for These 3 Iconic Stocks

Investing Legend Hints the End May Be Near for These 3 Iconic Stocks - Ad

Intel CEO Says He's 'Making Hard But Necessary Decisions' As Chipmaker Announces Massive Layoffs, Project Cancellations

Intel is slashing 31% of its workforce and halting global expansion projects in a sweeping restructuring effort as it struggles to compete with AI chip leader Nvidia and regain its edge in the rapidly evolving semiconductor industry.

Kuvi.ai Raises $700,000 Seed Round To Launch Private Beta Of Agentic Finance Operating System

Kuvi.ai has raised $700,000 in seed funding to support the private beta launch of its Agentic Finance Operating System, a text-based crypto interface designed to simplify digital asset transactions.

How to Hack a $1.3T Market