The United States is contemplating a possible relaxation of restrictions on Nvidia Corp.’s sales to the United Arab Emirates, according to individuals familiar with the situation. These sources suggest that President Donald Trump might announce the initiation of work on a bilateral chip agreement during his forthcoming trip to the Gulf region.
Although nothing has been officially determined, the discussions regarding semiconductor trade regulations for the UAE and other nations continue within Washington. Conversations about adjusting AI chip limitations specifically for the UAE have been gaining momentum both at the Commerce Department and the White House, as indicated by these anonymous sources.
— new from Bloomberg