UAE investor who bought half of Trump crypto firm gets green light to buy US AI chips as critics slam ‘corrupt deal’

UAE investor who bought half of Trump crypto firm gets green light to buy US AI chips as critics slam ‘corrupt deal’ 11.07.2026

The Commerce Department announced on Friday that it will allow the UAE, a U.S. ally, license-free access to crucial technology such as AI chips. This status extends to UAE companies like G42, chaired by Sheikh Tahnoon bin Zayed Al Nahyan, the UAE's national security adviser. Four days before President Trump's inauguration, a Tahnoon-backed company reportedly spent $500 million to buy a 49 percent stake in World Liberty Financial, the Trump family's crypto firm, sending $187 million to Trump entities.

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