US close to letting UAE import millions of Nvidia’s AI chips, sources say

The US has a preliminary agreement with the United Arab Emirates to allow it to import 500,000 of Nvidia’s most advanced AI chips per year, starting in 2025, two sources familiar with the situation said, boosting the Emirates’ construction of data centers vital to developing artificial intelligence models.

The sources, who spoke on condition of anonymity, said the agreement was at least through 2027, but that there was a chance it could be in place until 2030.

The draft deal called for 20% of the chips, or 100,000 of them per year, to go to UAE’s…