$20 Billion Commitment
Hussain Sajwani, chairman of DAMAC, announced his plan to invest $20 billion in U.S. data centers. He emphasized that this amount could increase based on market opportunities. Sajwani made this announcement at President-elect Donald Trump’s Mar-a-Lago residence in Florida.
Trump and Sajwani’s Relationship
DAMAC is a Dubai-based developer known for owning the only Trump-branded golf course in the Middle East. Sajwani and Trump have a long-standing relationship, further highlighted by their recent New Year celebrations in Florida.
President-elect Trump continues to highlight economic growth as a central theme. He emphasized investments aimed at boosting domestic industries. Trump advocates for policies restricting China’s access to advanced data center technology. These policies include higher tariffs on Chinese goods and tighter export controls on AI chips.
The growth of AI has driven significant investments in data center infrastructure. OpenAI’s launch of ChatGPT in 2022 sparked increased interest in generative AI and the supporting hardware. Companies like Microsoft announced plans to invest billions in expanding AI capacity.
During his first term, Trump announced several large-scale investments, including a $10 billion Foxconn factory project in Wisconsin. However, some of these plans failed to materialize as expected.
FAQs
What is the purpose of Sajwani’s $20 billion investment?
The investment aims to expand U.S. data center capacity and strengthen the domestic technology sector.
How is the U.S. addressing China’s role in AI technology?
The U.S. is imposing export restrictions on advanced AI chips and increasing tariffs on Chinese goods.
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