UAE Supports US Restrictions On Semiconductor Exports To China: Report
Portfolio Pulse from Shivani Kumaresan
The UAE supports US restrictions on semiconductor exports to China, acknowledging concerns about advanced chip technologies potentially bolstering China's military. The UAE seeks US support to develop its semiconductor production capabilities, with Microsoft investing $1.5 billion in UAE's AI company G42.
June 11, 2024 | 3:36 pm
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Microsoft has invested $1.5 billion in UAE's leading AI company, G42, as part of a broader initiative to pivot away from Chinese technology and deepen technological collaborations with the UAE.
Microsoft's significant investment in G42 highlights its commitment to expanding its presence in the UAE and aligning with US geopolitical strategies. This move is likely to positively impact Microsoft's stock in the short term due to the strategic importance and potential growth in the AI sector.
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