Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
US Reportedly Mulls Approving UAE's Purchase of 1M+ Nvidia Advanced Chips
Recommend 7 Positive 15 Negative 5 |
||||
|
||||
|
The US government is weighing an agreement allowing the UAE to import over 1 million advanced Nvidia (NVDA.US) chips, Bloomberg, citing people with the knowledge of the matter, reported. The UAE will import 500,000 of the most advanced chips annually from now until 2027. One-fifth of these chips will be provided to Abu Dhabi's AI company G42, while the remainder will be supplied to US companies establishing data centers in the UAE. One such company might be OpenAI, which is expected to announce the construction of a new data center in the UAE as early as this week. Under the agreement, G42 can purchase computing power equivalent to 1-1.5 million H100 chips, approximately four times the scale allowed under the chip export control framework during the Biden administration, people with the knowledge of the matter revealed. AASTOCKS Financial News Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
