"US Chip Export Approval, Rare Element Restrictions from China"

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After the U.S. approved the export of Nvidia chips to the United Arab Emirates, China tightened restrictions on rare earth elements. These changes in trade dynamics are noteworthy.

US Grants Major Chip Export Approval for Nvidia

The US has announced that it has granted approval for a significant chip export deal for Nvidia Corp. to the United Arab Emirates (UAE). This is among the first licenses issued by the US Department of Commerce's Bureau of Industry and Security under the bilateral artificial intelligence agreement signed with the UAE.

Investment Plans and Export Licenses

An official from the US stated that the approval came following the UAE's plans to invest in America. However, no information was provided regarding the total value of the approved chip shipments and investments. A spokesperson for the Department of Commerce stated, "The Department of Commerce is fully committed to the US-UAE artificial intelligence partnership agreement." This agreement stands out as the first licenses granted for artificial intelligence chip sales to the Gulf since the era of former President Donald Trump.

Data Center Privileges

The relevant licenses support a major data center agreement in the UAE, as announced about five months ago. This center is part of a massive facility with a capacity of 5 gigawatts, designating OpenAI as the main tenant. The agreement raises significant concerns for Washington, particularly given Beijing's influence on global trade relations.

China's Rare Earth Restrictions

Meanwhile, China has tightened restrictions on products made with rare earth elements produced abroad. It has been reported that all foreign exporters will be required to obtain an export license from the Chinese Ministry of Commerce for products made using these elements. Additionally, processes such as the extraction and transformation of rare earth elements will not be allowed without ministry permission.

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USA, Nvidia, chip exports, UAE, artificial intelligence, China, rare earth elements, trade

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