Trump officials holding up efforts to finalize agreement allowing UAE to buy Nvidia chips ...Middle East

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Trump officials holding up efforts to finalize agreement allowing UAE to buy Nvidia chips

Wall Street Journal reporting (gated). In brief:

Some Trump administration officials are delaying a major deal that would allow the United Arab Emirates to purchase billions of dollars' worth of advanced AI chips from Nvidia, citing national security concerns.

    Although Trump backed the agreement during his May visit to the Middle East and both sides aimed for a swift resolution, talks have stalled. U.S. officials are reportedly worried that the cutting-edge technology could end up in Chinese hands. The deal may remain on hold unless the UAE agrees to revised terms that address these security risks, according to sources familiar with the negotiations. This article was written by Eamonn Sheridan at www.forexlive.com.

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