The UAE is making “very good and tangible progress” toward securing US advanced semiconductors currently under export restrictions, according to G42 CEO Peng Xiao, CEO, Bloomberg reports. The UAE is currently subject to Tier 2 US chip export rules limiting access to AI processors.

In context: The push follows a USD 1.4 tn investment pledge in US tech and energy sectors over the next decade, announced after a meeting between UAE national security adviser Sheikh Tahnoon bin Zayed Al Nahyan and US President Donald Trump. Sheikh Tahnoon was reportedly looking for eased access to chips during the meeting.

“We’d like to continue to double down in the US even more,” Xiao said, confirming the firm’s potential involvement in the UAE’s US investment pledge but offering no specific details. Executives from its data center and cloud units separately revealed plans to expand in the US, Europe, Africa, and the Gulf. Last year, G42 exited China, offloaded its stakes in Chinese businesses, and partnered with Microsoft following a USD 1.5 bn investment from the company.

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