China’s Xi speaks with Trump by phone, discusses Taiwan and bilateral ties
Investing.com -- The U.S. Commerce Department plans to approve the sale of up to 70,000 advanced artificial-intelligence chips to companies in the United Arab Emirates and Saudi Arabia, marking a significant development for these Middle Eastern nations in the AI sector, The Wall Street Journal reported.
The approval represents a policy shift from earlier this year when some administration officials had rejected exporting directly to state-backed companies due to security concerns.
Under the deal, U.S. companies will be permitted to sell up to 35,000 of NVIDIA Corporation’s (NASDAQ:NVDA) GB300 servers or equivalent products to G42, a state-run AI company based in Abu Dhabi, and Humain, a Saudi government-backed AI venture.
The GB300 server contains Nvidia’s Blackwell B300 processor, an advanced chip. Nvidia’s competitor Advanced Micro Devices Inc (NASDAQ:AMD) has already established a separate agreement worth billions of dollars to work with Humain.
The approvals come following discussions between President Trump and leaders of both countries. Trump has been in talks about chip access since his visit to the region in May, with conversations continuing this week with Saudi Arabia’s Crown Prince Mohammed bin Salman.
The agreements include security provisions designed to prevent the chips from benefiting China and tech company Huawei.