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)
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