G42 gave up Huawei, then let Washington watch its data centres. Majority US ownership is reportedly next.
TL;DR
G42 executives have held exploratory talks about selling a majority stake to American companies to secure chip access past April 2027, Bloomberg reports. The company already stripped out Huawei equipment for Microsoft’s $1.5bn in 2024 and built US-specified monitoring into its own data centres this February. The article’s argument is that export control has stopped being about which chips go where and started being about who owns the company holding them.
Executives at Abu Dhabi’s G42 have held exploratory talks about selling a majority stake to American companies, Bloomberg reported on Friday, as the firm races to guarantee access to advanced chips beyond next year. Alex Dooler, Zainab Fattah and Dinesh Nair sourced the account to people familiar with the matter, who declined to be identified because the information is confidential.
G42 can buy cutting-edge chips without a US licence only until around April 2027 and needs to...
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