financetom
Technology
financetom
/
Technology
/
US tech firms Nvidia, AMD secure AI deals as Trump tours Gulf states
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US tech firms Nvidia, AMD secure AI deals as Trump tours Gulf states
May 26, 2025 7:21 AM

*

Nvidia ( NVDA ) to sell AI chips to Saudi Arabia startup Humain

*

AMD forms $10 billion strategic partnership with Humain

*

Saudi Arabia invests $20 billion in U.S. AI data centres

(Adds information about Qualcomm ( QCOM ) deal in paragraph 3, details

about AMD-Humain deal in paragraphs 13, 15-17)

By Max A. Cherney and Stephen Nellis

May 13 (Reuters) - A number of U.S. technology firms on

Tuesday announced artificial intelligence deals in the Middle

East as U.S. President Donald Trump secured $600 billion in

commitments from Saudi Arabia to U.S. companies during a tour of

Gulf states.

Among the biggest deals, Nvidia ( NVDA ) said it will sell

hundreds of thousands of AI chips in Saudi Arabia, with a first

tranche of 18,000 of its newest "Blackwell" chips going to

Humain, an AI startup just launched by Saudi Arabia's sovereign

wealth fund. Chip designer Advanced Micro Devices ( AMD ) also

announced a deal with Humain, saying it has formed a $10 billion

collaboration.

Another company to announce a deal with Humain, was Qualcomm

Inc ( QCOM ), which said it signed a memo of understanding to

develop and build a data centre central processor (CPU). The San

Diego-based chip designer

bought

server CPU maker Nuvia in 2021 but has not yet released a

product.

Trump began his Gulf tour on Tuesday, kicking it off with the

signing of a strategic economic agreement with Saudi Arabia as

the oil power rolled out the red carpet. Trump's Middle East

visit aims to drum up trillions of dollars in investments.

The deals will flow both ways.

The White House said Saudi Arabian firm DataVolt will invest

$20 billion in AI data centres and energy infrastructure in the

United States. Alphabet's Google, DataVolt, Oracle

Corp ( ORCL ), Salesforce Inc ( CRM ), Advanced Micro Devices ( AMD )

and Uber ( UBER ) will invest $80 billion in cutting-edge

transformative technologies in both countries, the White House

said, without giving details.

Trump plans to visit the UAE on Thursday. The New York Times

on Monday reported that the Trump administration is nearing a

deal to allow UAE to buy large volumes of Nvidia's ( NVDA ) AI chips.

Saudi Arabia, which is seeking to make its economy less

dependent on oil revenue, aims to position itself as a hub for

AI and a leading centre for AI activity outside the United

States.

Saudi Crown Prince Mohammed bin Salman on Monday launched Humain

to develop and manage AI technologies in Saudi Arabia.

AI CHIP DEALS

Nvidia ( NVDA ) and Humain said they will leverage Nvidia's ( NVDA ) platforms

to establish Saudi Arabia as a global leader in AI, GPU cloud

computing and digital transformation.

In a joint statement, the two companies said they will build

AI factories with up to 500 megawatts of capacity that will

include "several hundred thousand" of Nvidia's ( NVDA ) most advanced

GPUs over five years.

In Humain's deal with AMD, the agreement includes a plan to

invest up to $10 billion to deploy 500 megawatts of AI hardware

infrastructure over five years.

The Humain-AMD deal, in addition to hardware purchases,

involves a collaboration that aims to help Humain implement a

next-generation AI cloud computing platform, according to Keith

Strier, AMD senior vice president of global AI markets.

"Together, we are building a globally significant AI

platform that delivers performance, openness and reach at

unprecedented levels," AMD CEO Lisa Su said in a statement.

With some capacity set to come online in 2026, Humain will

oversee the delivery of the data-crunching power to potential

customers, while AMD will provide CPUs, GPUs and its software

that helps orchestrate the data crunching.

Part of the rationale for closing a deal with AMD is to

ensure Humain isn't locked into using a single vendor for

AI-related hardware, Strier said.

"And now, in addition to building infrastructure, countries

recognize they need to do it in a very resilient way, in these

diverse ways," Strier said.

Chaired by bin Salman, Saudi Arabia's de facto leader, Humain

will operate under the Public Investment Fund and will offer AI

services and products, including data centres, AI

infrastructure, cloud capabilities and advanced AI models.

"In building an AI company, you need the foundation and the

infrastructure," Humain CEO Tareq Amin said on stage from Riyadh

on Tuesday. "It's a really, really big initiative for the

kingdom."

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 >
Check Point Software quarterly profit beats estimates
Check Point Software quarterly profit beats estimates
Jul 30, 2025
JERUSALEM, July 30 (Reuters) - Check Point Software Technologies ( CHKP ) beat second-quarter profit expectations, boosted by sales gains in its products to protect and prevent corporate networks from cyber threats. The Israeli-based network security company on Wednesday reported $2.37 per diluted share excluding one-off items for the April-June quarter, up 9% from $2.17 a year earlier. Revenue grew...
Logitech says production shift out China to reduce tariff impact going well
Logitech says production shift out China to reduce tariff impact going well
Jul 30, 2025
ZURICH, July 30 (Reuters) - Logitech International is making good progress on shifting its production lines out of China to reduce the impact of U.S. tariffs on its computer peripherals, Chief Executive Hanneke Faber said on Wednesday The changes were announced in April to lessen the impact of U.S. duties on Chinese imports, which currently amount to 20% and 30%...
Logitech says production shift out China to reduce tariff impact going well
Logitech says production shift out China to reduce tariff impact going well
Jul 30, 2025
ZURICH (Reuters) -Logitech International is making good progress on shifting its production lines out of China to reduce the impact of U.S. tariffs on its computer peripherals, Chief Executive Hanneke Faber said on Wednesday The changes were announced in April to lessen the impact of U.S. duties on Chinese imports, which currently amount to 20% and 30% on the mice...
Nippon Steel to supply steel for Vestas wind towers for Europe, Asia and Japan
Nippon Steel to supply steel for Vestas wind towers for Europe, Asia and Japan
Jul 30, 2025
TOKYO, July 30 (Reuters) - Nippon Steel ( NISTF ) signed a cooperation memorandum with Denmark's wind turbine maker Vestas Wind Systems ( VWSYF ) on Wednesday to supply steel for Vestas' wind towers for European, Asian and Japanese markets, Japan's industry ministry said. The agreement was part of a broader push by Japan's Ministry of Economy, Trade and Industry...
Copyright 2023-2026 - www.financetom.com All Rights Reserved