Trump reveals path to allow Abu Dhabi to import – Business News
The US and United Arab Emirates are partnering on a path to allow Abu Dhabi to buy superior American-made semiconductors for its artificial intelligence initiatives, President Donald Trump mentioned on Friday.
“Yesterday the two countries also agreed to create a path for the UAE to buy some of the word’s most advanced AI semiconductors from American companies, it’s a very big contract,” Trump mentioned on the final day of his four-day, headline-making journey to the Middle East.
Trump has claimed the journey resulted in offers value tons of of billions of {dollars}.
President Trump attends a business assembly in Abu Dhabi on Friday. AP
The phrases of this newest settlement with the UAE are unknown, however the “very big contract” Trump talked about might be a preliminary settlement earlier reported by Reuters that will allow Abu Dhabi to import 500,000 Nvidia H100 chips every year.
The White House didn’t instantly reply to The Post’s request for remark.
It would help pace up Abu Dhabi’s mission to create huge knowledge facilities, an effort that has been slowed by chip export curbs due to national security considerations.
The Trump administration is planning to roll back some of the strict restrictions put in place by predecessor Joe Biden, which restricted exports even to US allies.
However, there are considerations that lifting these guidelines may make it simpler for China to get a maintain of superior US semiconductors.
The US authorities has banned the export of Nvidia H100 chips to China since 2022.
It additional restricted exports earlier this yr with a rule change that makes it more tough for Nvidia to ship H20 chips to China – semiconductors that had been particularly designed to move these 2022 rules.
The deal may reportedly allow Abu Dhabi to import 500,000 Nvidia H100 chips every year. AFP through Getty Images
Meanwhile, the White House on Thursday introduced a deal with the UAE to construct a huge knowledge middle in Abu Dhabi, slated to be the most important such facility outdoors of the US.
Emirati technology firm G42 will lead the project, partnering with a number of US corporations on the campus, in accordance to the Commerce Department. The knowledge middle will cowl 10 sq. miles with a 5-gigawatt capability.
The White House didn’t point out particular US companies, although a number of US tech CEOs joined Trump on his lavish Middle East journey, together with Tesla’s Elon Musk, Nvidia’s Jensen Huang, OpenAI’s Sam Altman and SoftBank’s Masayoshi Son.
Cisco President Jeetu Patel additionally accompanied the president on the journey, together with Palantir’s Alex Karp and Amazon’s Andy Jassy.
