Discussions are still in the early stages, reported the WSJ, and any deal could be bogged down by technical challenges.

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.

Two of the biggest chipmakers in the world, TSMC and Samsung Electronics, have talked about developing possible chip projects in the United Arab Emirates in the upcoming years that might be valued at over $100 billion,