| This is the Weekend Edition of Bloomberg Opinion Today, a roundup of the most popular stories Bloomberg Opinion publishes each week based on web readership. New subscribers can sign up here; follow us on Bluesky, TikTok, Instagram, LinkedIn and Threads. The United Arab Emirates has spent years seeking access to advanced US chips to help cement its position as a technology hub and fuel its AI aspirations. The Biden administration, concerned that cutting-edge semiconductors might also find their way from Abu Dhabi to Beijing, rebuffed them. The Trump administration did not. About two months after President Donald Trump's inauguration early last year, the UAE promised to invest $1.4 trillion in the US over a 10-year period. During those talks, Trump met personally with Sheikh Tahnoon Bin Zayed Al Nahyan. Sheikh Tahnoon plays formidable commercial and political roles in the UAE. He is the president's brother; oversees one of the world's largest sovereign wealth funds; is chairman of two AI companies (MGX and G42); and supervises the country's intelligence apparatus as its national security adviser. By May, the White House had kicked off negotiations with the UAE to ease semiconductor restrictions. The number of chips shipped annually to the UAE would quintuple, with a portion destined for G42 (which had business relationships with Chinese tech companies). A cohort of senior US officials opposed the deal, according to subsequent reporting from the New York Times. "What most disturbed these dissenting officials was that the White House was asking so little from Sheikh Tahnoon," the Times reported. "They had hoped for an upfront guarantee that the Emirates would cancel military exercises with China or stop sharing technology with Chinese companies." A deal, including advanced chips, was sealed in November.
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