The US government has approved several billion dollars’ worth of Nvidia Corp. AI chip exports to the United Arab Emirates, according to a Bloomberg piece.
The approval, the first since President Trump took office, comes under a new bilateral artificial intelligence agreement between Washington and Abu Dhabi. A US official said the decision followed the UAE’s commitment to make a reciprocal investment of similar scale in the United States.
The move marks a significant easing in export controls governing advanced AI semiconductors and highlights Washington’s effort to deepen strategic technology ties with Gulf partners.
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Market implications:
- Equities: Nvidia shares may see a lift on expanded export access and easing regulatory overhang.
- Geopolitics: Marks a strategic deepening of US/UAE tech cooperation amid tightened curbs on China.
- AI sector: Highlights global competition for chip access as demand for AI infrastructure accelerates.
This article was written by Eamonn Sheridan at investinglive.com.