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Trump's visit to Saudi delivers $142bn defence deal, AI orders for firms
Hindustan Times Haryana
|May 14, 2025
US President Donald Trump secured a $600 billion commitment from Saudi Arabia on Tuesday to invest in the United States after the oil power accorded him a gala welcome at the start of a tour of Gulf states.
RIYADH:
Meanwhile, the US agreed to sell Saudi Arabia an arms package worth nearly $142 billion, according to a White House fact sheet that called it "the largest defence cooperation agreement" Washington has ever done.
Coinciding with Trump's visit, Nvidia Corp. and Advanced Micro Devices Inc. will supply semiconductors to Saudi Arabian artificial intelligence (AI) company Humain for a massive data centre project, acting under a Trump administration initiative that lifts restrictions on delivering advanced technology to the region. Nvidia chief executive officer Jensen Huang announced the partnership on stage at the Saudi-US Investment Forum in Riyadh, the Gulf nation's capital.
This story is from the May 14, 2025 edition of Hindustan Times Haryana.
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