-10.1 C
Ottawa
Thursday, February 5, 2026

Microsoft Increases UAE Investment to $15.2 Billion After US Clears Nvidia Chip Exports

Date:

A Microsoft sign and logo at the company’s headquarters in Redmond, Wash., on April 4, 2025. Jason Redmond/AP PhotoMicrosoft said on Nov. 3 it will invest $7.9 billion in the United Arab Emirates (UAE) between 2026 and 2029, after securing approval from the United States to export advanced Nvidia chips for its data centers in the Gulf state.It brings the U.S. software giant’s total investment in the UAE to $15.2 billion, building on a 2023 initiative with G42, the UAE’s state-backed artificial intelligence firm. Under the plan, Microsoft aims to expand cloud computing capacity, train local talent, and strengthen AI governance.

spot_imgspot_imgspot_img

Share post:

More like this
Related

You Dont Own Your Stocks the Way You Think You Do

Traders work on the floor of the New York...

Australian Government Offers New $321 Million Round of Grants to Cut Emissions

The new grants are aimed at helping trade-exposed companies...

Federal Agency Seeks to Investigate Nike for Alleged Bias Against White Employees

The Nike logo above the entrance to a store...

Bougainville Rejects China and Turns to India to Reopen Massive Copper Mine

Locals overlooking the site of the Panguna Mine in...