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Source: ft.com

Trump's team secured $5bn from Abu Dhabi to buy US chips from TSMC's Arizona plant, shielding the facility from China's reach.
The deal lets UAE access up to 40% of the plant's output, sparking US security concerns over tech export controls.
White House aides worry it undermines Biden-era restrictions on advanced semiconductors to China.

Donald Trump's advisers struck a secret pact with Abu Dhabi for the UAE to bankroll $5bn towards TSMC's Arizona chip factory, granting access to its production in exchange. This move aims to protect the US plant's chips from falling into Chinese hands amid escalating tech tensions. It highlights the scramble to onshore semiconductor manufacturing while navigating export rules and geopolitical risks.