The U.S. and UAE are advancing a landmark deal that would allow Abu Dhabi to import up to 500,000 Nvidia H100 chips annually, according to CNBC. During a U.S.-UAE Business Council breakfast, Trump said both nations have agreed to “create a path” for UAE access to the advanced semiconductors, calling it a “very big contract.” The “very big contract” likely refers to a preliminary agreement allowing the UAE to import 500,000 Nvidia H100 chips annually. These advanced semiconductors would boost the country’s capacity to build AI data centers. The UAE has poured resources into AI infrastructure to position itself as a global technology hub. However, access to U.S. semiconductors has been restricted due to national security concerns.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02The U.S. and UAE are advancing a landmark deal that would allow Abu Dhabi to import up to 500,000
00:09NVIDIA H100 chips annually, according to CNBC. During a U.S. UAE Business Council breakfast,
00:17Trump said both nations have agreed to create a path for UAE access to the advanced semiconductors,
00:24calling it a very big contract. The very big contract likely refers to a preliminary agreement
00:30allowing the UAE to import 500,000 NVIDIA H100 chips annually. These advanced semiconductors
00:38would boost the country's capacity to build AI data centers. The UAE has poured resources into
00:44AI infrastructure to position itself as a global technology hub. However, access to U.S. semiconductors
00:52has been restricted due to national security concerns. For all things money, visit Benzinga.com
00:58slash GSTV.