financetom
Technology
financetom
/
Technology
/
UAE and US agree on path for Abu Dhabi to buy most advanced AI chips, Trump says
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
UAE and US agree on path for Abu Dhabi to buy most advanced AI chips, Trump says
May 26, 2025 9:18 AM

DUBAI (Reuters) -U.S. President Donald Trump said on Friday the United Arab Emirates and the United States have agreed to create a path for the Gulf country to buy some of the most advanced artificial intelligence semiconductors from U.S. companies.

The deal, which was finalised on Thursday during Trump's visit to Abu Dhabi, is a major win for the UAE, which has been trying to balance its relations with its longtime ally the U.S. and its largest trading partner China.

It reflects the Trump administration's confidence that the chips can be managed securely, in part by requiring data centres be managed by U.S. companies.

"We're making great progress for the $1.4 (trillion) that UAE has announced it intends to spend in the United States," Trump said, speaking during the last stop of a multi-day tour of Gulf states that included stops in Saudi Arabia and Qatar.

"Yesterday the two countries also agreed to create a path for UAE to buy some of the world's most advanced AI semiconductors from American companies, a very big contract," he said.

"This will generate billions and billions of dollars in business and accelerate the UAE's plans to become a really major player in artificial intelligence," Trump added.

The UAE in March committed to a 10-year, $1.4 trillion investment framework in the United States in sectors including energy, AI and manufacturing.

(Reporting by Nayera Abdallah and Yousef Saba, Writing by Federico Maccioni, Editing by Timothy Heritage and Ros Russell)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Analyzing Microsoft In Comparison To Competitors In Software Industry
Analyzing Microsoft In Comparison To Competitors In Software Industry
Aug 5, 2025
In today's fast-paced and highly competitive business world, it is crucial for investors and industry followers to conduct comprehensive company evaluations. In this article, we will delve into an extensive industry comparison, evaluating Microsoft ( MSFT ) in relation to its major competitors in the Software industry. By closely examining key financial metrics, market standing, and growth prospects, our objective...
Insights into Trimble's Upcoming Earnings
Insights into Trimble's Upcoming Earnings
Aug 5, 2025
Trimble will release its quarterly earnings report on Wednesday, 2025-08-06. Here's a brief overview for investors ahead of the announcement. Analysts anticipate Trimble to report an earnings per share (EPS) of $0.57. Trimble bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter....
Industry Comparison: Evaluating Apple Against Competitors In Technology Hardware, Storage & Peripherals Industry
Industry Comparison: Evaluating Apple Against Competitors In Technology Hardware, Storage & Peripherals Industry
Aug 5, 2025
In the ever-evolving and intensely competitive business landscape, conducting a thorough company analysis is of utmost importance for investors and industry followers. In this article, we will carry out an in-depth industry comparison, assessing Apple ( AAPL ) alongside its primary competitors in the Technology Hardware, Storage & Peripherals industry. By meticulously examining key financial metrics, market positioning, and growth...
Exploring Extreme Networks's Earnings Expectations
Exploring Extreme Networks's Earnings Expectations
Aug 5, 2025
Extreme Networks ( EXTR ) is preparing to release its quarterly earnings on Wednesday, 2025-08-06. Here's a brief overview of what investors should keep in mind before the announcement. Analysts expect Extreme Networks ( EXTR ) to report an earnings per share (EPS) of $0.17. Extreme Networks ( EXTR ) bulls will hope to hear the company announce they've not...
Copyright 2023-2025 - www.financetom.com All Rights Reserved