U.S. Tech Giants Sign $600 Billion Middle East Deals, Driving Economic Growth

During his recent visit to the Middle East, U.S. President Trump was accompanied by a delegation of American business leaders, many of whom were from the tech industry. This underscores a new trend in U.S. business: technology is the new driver of economic growth.

So far, nearly 30 U.S. tech industry leaders who visited the Middle East have signed agreements totaling 600 billion dollars, covering areas such as artificial intelligence chips, aircraft, and communications.

Among the series of deals, NVIDIA has committed to providing tens of thousands of its latest Blackwell chips to the newly established company Humain, which is backed by Saudi Arabia's sovereign wealth fund PIF. Its competitor AMD has also announced a 10 billion dollar cooperation agreement with Humain.

Additionally, Qatar Airways has announced an agreement with Boeing to purchase 210 aircraft, valued at approximately 96 billion dollars. Tesla CEO Elon Musk has also stated that Saudi Arabia is expected to approve the deployment of the company's satellite internet service, Starlink, in the region.

These agreements highlight the U.S.'s use of its technological influence as a diplomatic tool, which will help Trump establish closer ties with Gulf countries, particularly Saudi Arabia.

As part of the "Vision 2030" plan, Saudi Arabia has been seeking new economic growth areas beyond traditional oil production, with artificial intelligence being a key investment direction. This has provided an important opportunity for Trump to facilitate the entry of Silicon Valley companies into the Middle East market.

However, not all U.S. tech giants were part of the delegation. Meta CEO Mark Zuckerberg, who attended Trump's inauguration, was notably absent from Trump's first visit to the Middle East, as were other Meta executives.

Microsoft CEO Satya Nadella, who typically handles political matters, and Amazon founder Jeff Bezos, Google CEO Sundar Pichai, and Apple CEO Tim Cook were also not present. Among the chipmakers that reached agreements with Middle Eastern companies, U.S.-based Intel was notably absent.

It is worth noting that some of the companies not included in the delegation, while also deeply involved in the AI field, have had their business capabilities repeatedly questioned by the market, such as Apple. Meanwhile, the executives of companies that accompanied Trump on his visit to the Middle East, such as NVIDIA, AMD, OpenAI, and Elon Musk, who owns the AI startup xAI, are seen as leaders in the AI industry.

This arrangement may be purely coincidental, but it could also indicate the current state of the U.S. AI industry and provide some guidance for future resource allocation, especially during Trump's remaining term.