The US is weighing a potential easing of restrictions on Nvidia Corp. sales to the United Arab Emirates, according to people familiar with the matter, who said President Donald Trump could announce the start of work on a bilateral chip deal during his upcoming trip to the Gulf.

Jensen Huang also cautions that China is growing into a formidable rival in technology, singling out Huawei Nvidia chief executive officer Jensen Huang said he would like the Trump administration to change regulations for exporting artificial intelligence (AI) technology from the US to the rest of the world so American businesses can better capitalise on the opportunities in the future.