Amid growing concerns from the U.S. about the potential diversion of advanced chip technology to China, the UAE has assured its commitment to safeguarding these technologies. The assurance comes as the Biden administration considers imposing restrictions on chip sales from Nvidia Corp. (NASDAQ:NVDA) and Advanced Micro Devices Inc. (NASDAQ:AMD) to the Middle East. What Happened: Peng Xiao, CEO of UAE’s prominent AI firm G42, reiterated the country’s dedication to protecting sensitive technology. In an interview with CNBC, Xiao emphasized that the UAE is a reliable partner for the U.S. in securi…
