UAE to push for simpler entry to US chip know-how, Blooomberg Information studies

March 13 – A high United Arab Emirates official plans to go to Washington to press for simpler entry to American know-how and focus on funding in america, Bloomberg Information reported on Thursday, citing individuals conversant in the matter.
Sheikh Tahnoon bin Zayed Al Nahyan, UAE’s nationwide safety adviser and brother of the nation’s president, is predicted to fulfill U.S. President Trump’s cupboard officers as quickly as subsequent week, the report stated.
These officers would doubtless embrace Commerce Secretary Howard Lutnick, Treasury Secretary Scott Bessent, and Nationwide Safety Advisor Mike Waltz, although it stays unclear if the president will take part.
Firstly of the yr, the U.S. authorities tightened restrictions on the export of synthetic intelligence chips, corresponding to these made by Nvidia, whereas discovering methods to dam China’s entry to the superior know-how.
Underneath the rules, international locations corresponding to Japan, Britain, South Korea and the Netherlands would primarily be exempt from the foundations whereas others, together with the UAE, Saudi Arabia and Singapore, will face some caps.
The U.S. Commerce Division, Nvidia and the Abu Dhabi Media Workplace didn’t instantly reply to Reuters’ requests for remark.
The UAE, a rich oil producer, is eager on gaining elevated entry to American know-how to construct its personal superior tech business, however the U.S. has expressed considerations about its heat relationship with China.
Sheikh Tahnoon’s go to comes on the request of the Trump administration, the Bloomberg report stated.
This text was generated from an automatic information company feed with out modifications to textual content.