EMIRATI BILLIONAIRE WILL INVEST $20 BLN IN US DATA CENTERS

Emirati billionaire Hussain Sajwani promised a $20 billion investment in the booming U.S. data center industry in the coming years, he and U.S. President-elect Donald Trump announced on Tuesday at Trump's home in Palm Beach, Florida.

With an election victory largely driven by voters' economic concerns, Trump has doubled down on bolstering investments in domestic industries and proposed higher tariffs on Chinese goods as the U.S. tries to curb China's access to the chips needed for advanced data centers.

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