★ Government Action
White House grants UAE access to advanced AI chips for G42
Crypto in the FamilyGulf Money, U.S. Favors
Filed May 2025
★ The Brief
What happened
Around May 2025, the administration agreed to let the United Arab Emirates buy hundreds of thousands of the most advanced American-made computer processors, many destined for a tech conglomerate controlled by the Emirati royal Sheikh Tahnoon, over national-security warnings about diversion to China.
Who benefits
Deal or steal?
The approval came about two weeks after a UAE sovereign fund controlled by Tahnoon put $2 billion into the Trump and Witkoff families' crypto venture; Steve Witkoff, still financially tied to that venture, pushed inside the administration for the chip access.
★ Cast your vote
Approximately two weeks after the World Liberty Financial investment was announced in May 2025, the White House agreed to grant the UAE access to hundreds of thousands of advanced AI computer chips — among the world's most powerful and scarce — primarily manufactured by U.S. companies including Nvidia. Many of the chips were set to go to G42, a sprawling technology firm personally controlled by Sheikh Tahnoon. The agreement came despite national security concerns within the administration that the chips could ultimately be shared with China. David Sacks, Trump's AI and crypto czar, was a key figure in brokering the chip negotiations; he held a White House ethics waiver allowing him to participate despite concerns from some administration officials about his active role as a venture capitalist. Steve Witkoff, still financially interested in World Liberty Financial, also advocated for granting the Emirates chip access during this same period. The deal's final details were still under discussion as of the article's publication.
Further reading
- ★ Private ActionMay 2025UAE firm uses $2B Trump-Witkoff stablecoin for Binance stake
- ★ Private ActionJanuary 2025UAE-backed Aryam buys 49% of Trump crypto venture four days before inauguration
- ★ Government ActionMay 2025Treasury launches fast-track CFIUS review UAE lobbied for
- ★ Private ActionJanuary 2026ByteDance TikTok U.S. spin-out names MGX, Oracle, Silver Lake
- ★ Government ActionSeptember 2025Trump TikTok deal names Tahnoon's MGX as U.S. operator
- ★ Private ActionMay 2025Trump International Hotel Dubai launches $1B 80-story project