G42 Made Secret Pact With US to Divest From China Before Microsoft Deal

Agreement with US helped G42 preserve access to Nvidia chips
Negotiations set stage for $1.5 billion Microsoft investment

G42 CEO Peng Xiao was part of negotiations with the US that led to a Chinese divestment plan.Source: G42

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By Ben Bartenstein, Mackenzie Hawkins, Nick Wadhams, and Dina Bass

April 16, 2024 at 5:26 AM UTC

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Microsoft Corp.’s just-announced partnership with Abu Dhabi’s G42 followed behind-the-scenes negotiations between the US government and the Middle Eastern firm, which agreed to divest from China and pivot to American technology.