The U.S. government has approved several billion dollars’ worth of chip sales from NVIDIA Corporation (NASDAQ:NVDA) to the United Arab Emirates, according to Bloomberg. The decision ends months of uncertainty over whether the investment agreement with the Gulf nation would move forward.
People familiar with the matter told Bloomberg that the United States Department of Commerce Bureau of Industry and Security recently issued the required export licenses to Nvidia. The approvals are tied to a bilateral artificial intelligence agreement signed in May between the Donald Trump administration and the UAE, which outlined plans for the sale of hundreds of thousands of Nvidia chips to the region.
In exchange, the UAE committed to invest billions of dollars in the United States.
The deal had been stalled amid Washington’s national security concerns, particularly over the UAE’s close ties to China — a sticking point that reportedly frustrated several stakeholders, including Nvidia CEO Jensen Huang.
The approval marks a win for Nvidia, whose overseas sales have come under heightened scrutiny as the Trump administration moves to tighten controls on advanced U.S.-made AI technologies, viewing them as strategically vital.
Sales to China have been a key flashpoint. Nvidia was only cleared to resume some shipments earlier this year following a trade agreement between Washington and Beijing.
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