TSMC evaluating advanced chip plant in UAE, Bloomberg says

Taiwan Semiconductor Manufacturing is evaluating building an advanced production facility in the United Arab Emirates and has discussed the possibility with officials in President Donald Trump’s administration, people familiar with the matter told Bloomberg’s Mackenzie Hawkins and Jenny Leonard. The plan is contingent on buy-in from the U.S., but some senior Trump administration officials are concerned about the national security and economic implications of TSMC (TSM) expanding to the Gulf, the report noted.