Taiwan Semiconductor Manufacturing Co. and Samsung Electronics Co. have discussed building major new factories in the United Arab Emirates in coming years amid the rise of artificial intelligence, the Wall Street Journal reported.

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.

Executives from TSMC, the world's largest chipmaker, have visited the UAE recently to discuss building a plant complex