TL;DRG42 executives have held exploratory talks about selling a majority stake to American companies to secure chip access past April 2027, Bloomberg reports. The company already stripped out Huawei equipment for Microsoft’s $1.5bn in 2024 and built US-specified monitoring into its own data centres this February. The article’s argument is that export control has stopped being about which chips go where and started being about who owns the company holding them.
Executives at Abu Dhabi’s G42 have held exploratory talks about selling a majority stake to American companies, Bloomberg reported on Friday, as the firm races to guarantee access to advanced chips beyond next year. Alex Dooler, Zainab Fattah and Dinesh Nair sourced the account to people familiar with the matter, who declined to be identified because the information is confidential.
G42 can buy cutting-edge chips without a US licence only until around April 2027 and needs to change its corporate structure to continue, according to Bloomberg, with options including an American majority shareholder or a new vehicle established in the US. No final decisions have been made, and TNW has not independently verified the talks.
A G42 representative told Bloomberg the company is focused on executing its long-term growth strategy and does not comment on confidential discussions or potential transactions. That is a declination rather than a denial.
