(Reuters) -Two of the world's largest chipmakers, TSMC and Samsung Electronics, have discussed building potential chip projects in the United Arab Emirates in coming years which could be worth more than $100 billion,

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.

Potential projects in the United Arab Emirates could be worth more than $100 billion, though major hurdles remain.