00:00It's Benzinga bringing Wall Street to Main Street.
00:02The U.S. and UAE are advancing a landmark deal that would allow Abu Dhabi to import up to 500,000
00:09NVIDIA H100 chips annually, according to CNBC. During a U.S. UAE Business Council breakfast,
00:17Trump said both nations have agreed to create a path for UAE access to the advanced semiconductors,
00:24calling it a very big contract. The very big contract likely refers to a preliminary agreement
00:30allowing the UAE to import 500,000 NVIDIA H100 chips annually. These advanced semiconductors
00:38would boost the country's capacity to build AI data centers. The UAE has poured resources into
00:44AI infrastructure to position itself as a global technology hub. However, access to U.S. semiconductors
00:52has been restricted due to national security concerns. For all things money, visit Benzinga.com
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