Nvidia CEO Jensen Huang Reportedly Frustrated As Trump's Commerce Secretary Slows UAE Chips Deal Over China Link

Core Insights - Nvidia Corporation's multibillion-dollar deal to supply advanced AI chips to the UAE has been stalled for several months, causing frustration for CEO Jensen Huang and U.S. Commerce Secretary Howard Lutnick [1][4][6] - The deal, announced in May, was intended to enhance U.S. tech influence abroad and counter China's AI ambitions [3][4] - Nvidia's market capitalization has reached $4.59 trillion, with a 58.97% increase in shares over the past year and a 36.61% rise in 2025 to date [2] Group 1: Deal Delays - The Emirati investments have not yet materialized, leading to confusion among U.S. administration officials [4] - The stalled agreement is viewed as a setback for both Huang and White House AI Czar David Sacks, who consider such deals vital for U.S. tech strategy [4][5] - The Commerce Department's approval is necessary for Nvidia to deliver the chips, with Lutnick linking approval to the UAE finalizing its U.S. investments [6] Group 2: Security Concerns - Concerns have been raised regarding the UAE's close relationship with China, which has influenced the approval process for the deal [6] - Nvidia executives, including Huang, have expressed frustration over the delays, although one senior executive stated that the company is not alarmed [7] Group 3: Broader Context - The UAE deal was highlighted by President Donald Trump during his visit to Abu Dhabi, as part of over $200 billion in bilateral agreements [9] - An Nvidia spokesperson expressed support for the Trump administration's AI action plan, including agreements in the Middle East [8]